Cameco Co. (NYSE:CCJ) Shares Sold by Titleist Asset Management LLC

Titleist Asset Management LLC cut its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,148 shares of the basic materials company’s stock after selling 1,341 shares during the period. Titleist Asset Management LLC’s holdings in Cameco were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Cameco during the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new position in shares of Cameco during the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco during the fourth quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new stake in Cameco in the fourth quarter worth about $33,000. Finally, Compass Planning Associates Inc acquired a new stake in Cameco in the fourth quarter worth about $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of NYSE CCJ opened at $37.80 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04. The stock’s fifty day simple moving average is $45.02 and its 200 day simple moving average is $50.32. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55.

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

Analysts Set New Price Targets

A number of research firms have commented on CCJ. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Sanford C. Bernstein began coverage on Cameco in a report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $70.03.

About Cameco

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.