Phoenix Financial Ltd. Sells 14,137 Shares of Cameco Co. (NYSE:CCJ)

Phoenix Financial Ltd. reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,340 shares of the basic materials company’s stock after selling 14,137 shares during the period. Phoenix Financial Ltd.’s holdings in Cameco were worth $5,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Old West Investment Management LLC raised its stake in Cameco by 10.4% during the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock worth $13,472,000 after acquiring an additional 26,584 shares in the last quarter. Wellington Management Group LLP boosted its position in Cameco by 37.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,905,831 shares of the basic materials company’s stock worth $91,112,000 after purchasing an additional 517,836 shares during the period. EP Wealth Advisors LLC raised its stake in shares of Cameco by 4.8% during the third quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock valued at $331,000 after purchasing an additional 320 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Cameco during the third quarter worth approximately $1,768,000. Finally, Geode Capital Management LLC increased its stake in Cameco by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,911,614 shares of the basic materials company’s stock valued at $91,558,000 after purchasing an additional 177,551 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CCJ. Desjardins initiated coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. Glj Research boosted their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $70.03.

Cameco Stock Up 9.1 %

Shares of Cameco stock opened at $40.03 on Thursday. The company has a market capitalization of $17.43 billion, a P/E ratio of 142.96 and a beta of 1.04. 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 business’s fifty day moving average price is $43.91 and its two-hundred day moving average price is $50.10. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55.

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

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.