Sender Co & Partners Inc. Trims Stock Position in Cameco Co. (NYSE:CCJ)

Sender Co & Partners Inc. trimmed its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,371 shares of the basic materials company’s stock after selling 322 shares during the period. Cameco makes up about 1.2% of Sender Co & Partners Inc.’s holdings, making the stock its 15th largest holding. Sender Co & Partners Inc.’s holdings in Cameco were worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Bornite Capital Management LP purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $6,590,000. Tidal Investments LLC raised its position in Cameco by 15.5% in the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 2,683 shares during the period. LRI Investments LLC acquired a new position in Cameco during the first quarter worth $30,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Cameco during the first quarter worth $295,000. Finally, Councilmark Asset Management LLC acquired a new stake in shares of Cameco in the first quarter valued at $1,760,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CCJ shares. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. The Goldman Sachs Group raised their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Scotiabank decreased their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Glj Research reaffirmed a “buy” rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and an average target price of $67.25.

Cameco Stock Up 1.0 %

Shares of Cameco stock opened at $48.06 on Friday. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. Cameco Co. has a 52-week low of $35.18 and a 52-week high of $56.24. The company has a market capitalization of $20.91 billion, a P/E ratio of 123.23 and a beta of 0.90. The company has a 50 day moving average of $41.55 and a 200 day moving average of $46.60.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. During the same period last year, the firm posted ($0.01) earnings per share. Cameco’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, research analysts forecast that Cameco Co. will post 0.91 EPS for the current fiscal year.

Cameco 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.