Mitsubishi UFJ Trust & Banking Corp Sells 700 Shares of Cameco Co. (NYSE:CCJ)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 31.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,501 shares of the basic materials company’s stock after selling 700 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cameco were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Ensign Peak Advisors Inc grew its stake in Cameco by 2.4% in the 3rd quarter. Ensign Peak Advisors Inc now owns 17,100 shares of the basic materials company’s stock valued at $371,000 after purchasing an additional 400 shares during the period. Merrion Investment Management Co LLC grew its stake in Cameco by 0.3% in the 4th quarter. Merrion Investment Management Co LLC now owns 204,100 shares of the basic materials company’s stock valued at $4,451,000 after purchasing an additional 600 shares during the period. Quadrant Capital Group LLC grew its stake in Cameco by 26.9% in the 4th quarter. Quadrant Capital Group LLC now owns 4,324 shares of the basic materials company’s stock valued at $94,000 after purchasing an additional 917 shares during the period. Spire Wealth Management grew its stake in Cameco by 25.5% in the 4th quarter. Spire Wealth Management now owns 5,119 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 1,040 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Cameco by 6.9% in the 3rd quarter. Geneos Wealth Management Inc. now owns 21,550 shares of the basic materials company’s stock valued at $476,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 57.95% of the company’s stock.

Shares of NYSE CCJ opened at $22.01 on Friday. Cameco Co. has a 52 week low of $15.34 and a 52 week high of $32.49. The business has a 50-day simple moving average of $27.31 and a two-hundred day simple moving average of $24.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.12 and a current ratio of 5.05.

Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) last issued its earnings results on Wednesday, February 9th. The basic materials company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. Cameco had a negative return on equity of 1.08% and a negative net margin of 3.72%. The business had revenue of $368.91 million during the quarter. During the same quarter in the prior year, the business earned $0.09 EPS. On average, equities research analysts expect that Cameco Co. will post 0.1 EPS for the current fiscal year.

A number of research analysts have issued reports on CCJ shares. Canaccord Genuity Group upped their price objective on Cameco from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, February 10th. Zacks Investment Research downgraded Cameco from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James increased their price target on Cameco from C$40.00 to C$47.00 in a research note on Wednesday, April 20th. Royal Bank of Canada cut their price target on Cameco from C$50.00 to C$45.00 in a research note on Friday, May 6th. Finally, Canaccord Genuity Group cut their price target on Cameco from C$44.00 to C$43.00 in a research note on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $40.70.

About Cameco (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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