Cameco (NYSE:CCJ) Stock Price Down 3.8% – Here’s What Happened

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) traded down 3.8% on Monday . The stock traded as low as $46.73 and last traded at $47.22. 5,178,500 shares changed hands during trading, an increase of 10% from the average session volume of 4,709,515 shares. The stock had previously closed at $49.08.

Cameco Trading Down 2.9 %

The company’s 50 day simple moving average is $51.59 and its two-hundred day simple moving average is $49.59. 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 company has a market cap of $20.25 billion, a PE ratio of 244.89 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Formidable Asset Management LLC raised its holdings in Cameco by 13.4% in the fourth quarter. Formidable Asset Management LLC now owns 18,756 shares of the basic materials company’s stock valued at $964,000 after acquiring an additional 2,215 shares in the last quarter. WCG Wealth Advisors LLC raised its holdings in Cameco by 2.7% in the fourth quarter. WCG Wealth Advisors LLC now owns 12,801 shares of the basic materials company’s stock valued at $658,000 after acquiring an additional 331 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings in Cameco by 276.4% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 20,400 shares of the basic materials company’s stock valued at $1,048,000 after acquiring an additional 14,980 shares in the last quarter. JT Stratford LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $205,000. Finally, Highview Capital Management LLC DE raised its holdings in Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.