Metis Global Partners LLC Sells 281 Shares of Cameco Co. (NYSE:CCJ)

Metis Global Partners LLC lessened its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,727 shares of the basic materials company’s stock after selling 281 shares during the quarter. Metis Global Partners LLC’s holdings in Cameco were worth $1,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Cameco in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC bought a new stake in Cameco in the fourth quarter valued at about $33,000. Pingora Partners LLC bought a new stake in Cameco in the third quarter valued at about $33,000. Compass Planning Associates Inc bought a new stake in shares of Cameco in the fourth quarter worth about $36,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 6.8 %

Shares of Cameco stock opened at $41.05 on Tuesday. 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 capitalization of $17.87 billion, a P/E ratio of 146.61 and a beta of 0.94. The business has a 50-day moving average of $49.63 and a two-hundred day moving average of $49.99. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of $66.56.

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.