Russell Investments Group Ltd. Sells 377,770 Shares of Cameco Co. (NYSE:CCJ)

Russell Investments Group Ltd. reduced its holdings in shares of Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) by 32.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 792,585 shares of the basic materials company’s stock after selling 377,770 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Cameco worth $20,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moors & Cabot Inc. boosted its stake in Cameco by 2.6% in the 4th quarter. Moors & Cabot Inc. now owns 15,626 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 400 shares during the period. Parallel Advisors LLC boosted its stake in Cameco by 12.4% in the 4th quarter. Parallel Advisors LLC now owns 3,889 shares of the basic materials company’s stock valued at $88,000 after purchasing an additional 429 shares during the period. Park Place Capital Corp boosted its stake in Cameco by 5.5% in the 1st quarter. Park Place Capital Corp now owns 9,746 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 511 shares during the period. Larson Financial Group LLC boosted its stake in Cameco by 46.0% in the 4th quarter. Larson Financial Group LLC now owns 1,910 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 602 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in Cameco by 61.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 650 shares during the period. 63.86% of the stock is currently owned by institutional investors.

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Cameco Stock Performance

NYSE:CCJ opened at $34.81 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.00 and a current ratio of 3.64. Cameco Co. has a fifty-two week low of $21.02 and a fifty-two week high of $35.24. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 232.07, a PEG ratio of 0.77 and a beta of 0.99. The stock has a fifty day moving average price of $32.03 and a 200-day moving average price of $28.73.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Cameco had a return on equity of 2.74% and a net margin of 4.67%. The business had revenue of $482.00 million for the quarter, compared to analyst estimates of $636.37 million. During the same period last year, the firm posted $0.14 EPS. Cameco’s quarterly revenue was down 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Cameco Co. will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCJ shares. Scotiabank reduced their price target on Cameco from C$50.00 to C$49.00 in a research note on Wednesday, June 28th. Raymond James upped their target price on Cameco from C$50.00 to C$52.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, TD Securities upped their target price on Cameco from C$51.00 to C$55.00 and gave the company an “action list buy” rating in a research report on Thursday, August 3rd.

Read Our Latest Stock Report on CCJ

Cameco Profile

(Free Report)

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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