Goldman Sachs Group Inc. Sells 2,086,097 Shares of Cameco Co. (NYSE:CCJ)

Goldman Sachs Group Inc. lessened its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 57.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,524,180 shares of the basic materials company’s stock after selling 2,086,097 shares during the period. Goldman Sachs Group Inc.’s holdings in Cameco were worth $65,692,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. EP Wealth Advisors LLC boosted its holdings in shares of Cameco by 10.3% during the 4th quarter. EP Wealth Advisors LLC now owns 8,407 shares of the basic materials company’s stock valued at $362,000 after purchasing an additional 782 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Cameco by 35.4% during the 4th quarter. Virtu Financial LLC now owns 38,322 shares of the basic materials company’s stock valued at $1,652,000 after purchasing an additional 10,025 shares during the last quarter. Sunpointe LLC bought a new position in shares of Cameco during the 4th quarter valued at about $544,000. Goehring & Rozencwajg Associates LLC raised its position in shares of Cameco by 3.4% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 747,366 shares of the basic materials company’s stock valued at $32,211,000 after buying an additional 24,720 shares in the last quarter. Finally, Bornite Capital Management LP purchased a new stake in shares of Cameco during the 4th quarter valued at about $6,590,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Cameco stock opened at $51.29 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. Cameco Co. has a 1-year low of $29.17 and a 1-year high of $56.24. The firm has a market capitalization of $22.29 billion, a P/E ratio of 131.51 and a beta of 0.93. The company’s 50-day moving average is $50.97 and its 200 day moving average is $46.67.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The firm had revenue of $470.29 million during the quarter. Research analysts forecast that Cameco Co. will post 1.38 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on CCJ shares. The Goldman Sachs Group upped their target price on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.50.

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.