Quadrant Capital Group LLC Sells 1,243 Shares of Cameco Co. (NYSE:CCJ)

Quadrant Capital Group LLC decreased its holdings in Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,629 shares of the basic materials company’s stock after selling 1,243 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cameco were worth $60,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Federated Hermes Inc. purchased a new position in Cameco in the 3rd quarter worth about $6,846,000. Sequoia Financial Advisors LLC bought a new position in shares of Cameco in the 4th quarter worth approximately $531,000. HBK Sorce Advisory LLC lifted its stake in shares of Cameco by 24.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 22,038 shares of the basic materials company’s stock worth $500,000 after purchasing an additional 4,289 shares during the period. Cigna Investments Inc. New bought a new position in shares of Cameco in the 3rd quarter worth approximately $210,000. Finally, Verition Fund Management LLC lifted its stake in shares of Cameco by 42.5% in the 3rd quarter. Verition Fund Management LLC now owns 51,089 shares of the basic materials company’s stock worth $1,354,000 after purchasing an additional 15,244 shares during the period. Hedge funds and other institutional investors own 53.82% of the company’s stock.

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Cameco Trading Down 1.0 %

CCJ stock opened at $30.60 on Wednesday. The firm has a fifty day moving average price of $26.99 and a 200 day moving average price of $25.82. Cameco Co. has a fifty-two week low of $20.34 and a fifty-two week high of $31.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.64 and a current ratio of 7.75. The firm has a market cap of $13.25 billion, a PE ratio of 105.50 and a beta of 0.95.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Cameco from C$43.00 to C$50.00 in a research note on Friday, February 10th. TD Securities increased their price objective on shares of Cameco from C$50.00 to C$51.00 in a research note on Monday, May 1st. Raymond James raised their target price on shares of Cameco to C$50.00 in a research note on Monday, May 1st. Finally, StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday.

About Cameco

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Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

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