Leo Wealth LLC Sells 1,215 Shares of Cameco Co. (NYSE:CCJ)

Leo Wealth LLC trimmed its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,817 shares of the basic materials company’s stock after selling 1,215 shares during the period. Leo Wealth LLC’s holdings in Cameco were worth $517,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of Cameco during the 1st quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. Larson Financial Group LLC grew its holdings in Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 600 shares during the period. Blue Trust Inc. increased its position in Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after buying an additional 642 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of Cameco in the first quarter worth about $87,000. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCJ. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Glj Research restated a “buy” rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank lowered their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

CCJ stock opened at $56.68 on Wednesday. The company has a market capitalization of $24.67 billion, a PE ratio of 145.33 and a beta of 0.90. The company’s fifty day moving average price is $45.14 and its 200-day moving average price is $47.77. Cameco Co. has a one year low of $35.43 and a one year high of $58.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the company earned ($0.01) EPS. On average, equities analysts anticipate that Cameco Co. will post 0.83 EPS for the current fiscal 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.