Signaturefd LLC Lowers Stock Position in Cameco Co. (NYSE:CCJ)

Signaturefd LLC cut its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,005 shares of the basic materials company’s stock after selling 1,106 shares during the quarter. Signaturefd LLC’s holdings in Cameco were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Silvia Mccoll Wealth Management LLC lifted its holdings in Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 210 shares in the last quarter. EdgeRock Capital LLC lifted its holdings in Cameco by 1.7% during the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after purchasing an additional 224 shares in the last quarter. LRI Investments LLC lifted its holdings in Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 234 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. Finally, S.A. Mason LLC lifted its holdings in Cameco by 8.1% during the second quarter. S.A. Mason LLC now owns 3,449 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 258 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Cameco stock opened at $53.79 on Friday. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $58.72. The stock has a market cap of $23.41 billion, a P/E ratio of 137.92 and a beta of 0.90. The company has a 50-day moving average price of $45.96 and a 200 day moving average price of $47.89. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company had revenue of $598.00 million for the quarter, compared to analyst estimates of $756.00 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Cameco’s revenue was up 24.1% on a year-over-year basis. Sell-side analysts anticipate that Cameco Co. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CCJ shares. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research reiterated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank reduced their target price 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. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of $66.56.

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.