VisionPoint Advisory Group LLC Sells 735 Shares of Cameco Co. (NYSE:CCJ)

VisionPoint Advisory Group LLC reduced its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,520 shares of the basic materials company’s stock after selling 735 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Cameco were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the period. Bridgewater Associates LP lifted its holdings in Cameco by 19.9% during the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after acquiring an additional 410,711 shares during the period. Progeny 3 Inc. increased its position in Cameco by 7.5% in the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after buying an additional 159,200 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Cameco by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after buying an additional 187,512 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Cameco by 44.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after buying an additional 664,828 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

NYSE:CCJ opened at $46.34 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a fifty day simple moving average of $51.19 and a two-hundred day simple moving average of $49.64. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a market capitalization of $20.17 billion, a P/E ratio of 243.89 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 3.33% and a net margin of 4.15%. On average, analysts expect that Cameco Co. will post 0.42 earnings per share for the current year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. 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.