HBK Sorce Advisory LLC Sells 341 Shares of Cameco Co. (NYSE:CCJ)

HBK Sorce Advisory LLC lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,534 shares of the basic materials company’s stock after selling 341 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Cameco were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CCJ. CIBC Asset Management Inc increased its holdings in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the last quarter. AGF Management Ltd. increased its holdings in shares of Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. Bridgewater Associates LP increased its holdings in shares of Cameco by 19.9% in the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after purchasing an additional 410,711 shares during the last quarter. Progeny 3 Inc. increased its holdings in shares of Cameco by 7.5% in the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after purchasing an additional 159,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Cameco by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after purchasing an additional 187,512 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CCJ. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday. They issued a “buy” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Finally, Glj Research raised their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Trading Up 1.5 %

Shares of Cameco stock opened at $42.44 on Friday. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 151.55 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The firm’s 50-day moving average price is $47.80 and its two-hundred day moving average price is $49.91.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.