Cameco (NYSE:CCJ) Stock Price Down 3.8% – Should You Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares traded down 3.8% during mid-day trading on Monday . The stock traded as low as $46.73 and last traded at $47.22. 5,178,500 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 4,709,515 shares. The stock had previously closed at $49.08.

Cameco Stock Down 3.8 %

The stock has a market capitalization of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94. The firm’s fifty day moving average is $51.80 and its 200-day moving average is $49.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Institutional Trading of Cameco

Several institutional investors have recently added to or reduced their stakes in CCJ. Dantai Capital Ltd increased its stake in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new stake in Cameco during the fourth quarter valued at $895,000. Whalen Wealth Management Inc. bought a new stake in Cameco during the fourth quarter valued at $445,000. iA Global Asset Management Inc. bought a new stake in Cameco during the third quarter valued at $5,305,000. Finally, Telemark Asset Management LLC increased its stake in Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after purchasing an additional 100,000 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

About Cameco

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.