GeoSphere Capital Management LLC Sells 30,000 Shares of Cameco Co. (NYSE:CCJ)

GeoSphere Capital Management LLC trimmed its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 23.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 100,000 shares of the basic materials company’s stock after selling 30,000 shares during the quarter. Cameco makes up 2.4% of GeoSphere Capital Management LLC’s holdings, making the stock its 6th biggest holding. GeoSphere Capital Management LLC’s holdings in Cameco were worth $5,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Cameco in the 4th quarter valued at about $188,595,000. FMR LLC increased its holdings in shares of Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Cameco by 120.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after buying an additional 1,225,966 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Finally, AGF Management Ltd. grew its holdings in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after buying an additional 1,193,266 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Up 3.1 %

Cameco stock opened at $50.76 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a 50 day moving average price of $42.74 and a 200 day moving average price of $48.97. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The company has a market capitalization of $22.10 billion, a PE ratio of 181.29 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. During the same quarter in the prior year, the firm posted $0.13 EPS. Cameco’s quarterly revenue was up 24.4% compared to the same quarter last year. Research analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target on the stock. Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Desjardins assumed coverage on shares of Cameco in a research report on Friday, April 4th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus target price of $70.03.

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.