HBK Sorce Advisory LLC Sells 341 Shares of Cameco Co. (NYSE:CCJ)

HBK Sorce Advisory LLC lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,534 shares of the basic materials company’s stock after selling 341 shares during the period. HBK Sorce Advisory LLC’s holdings in Cameco were worth $439,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CCJ. Old West Investment Management LLC raised its holdings in Cameco by 10.4% in the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after buying an additional 26,584 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Cameco by 1,138.1% during the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after purchasing an additional 245,831 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Cameco by 9.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,397 shares of the basic materials company’s stock worth $1,547,000 after purchasing an additional 2,859 shares during the last quarter. Huntington National Bank raised its holdings in Cameco by 8.2% during the 3rd quarter. Huntington National Bank now owns 13,827 shares of the basic materials company’s stock worth $660,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Intellectus Partners LLC raised its holdings in Cameco by 1.4% during the 3rd quarter. Intellectus Partners LLC now owns 87,960 shares of the basic materials company’s stock worth $4,201,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $42.44 on Friday. The company has a fifty day simple moving average of $47.80 and a 200 day simple moving average of $49.91. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $18.47 billion, a P/E ratio of 151.55 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Sell-side analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CCJ. Glj Research raised their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $73.64.

Cameco Company 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.