Pekin Hardy Strauss Inc. Has $17.93 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Pekin Hardy Strauss Inc. cut its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 348,858 shares of the basic materials company’s stock after selling 22,982 shares during the quarter. Cameco accounts for about 2.3% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 3rd biggest holding. Pekin Hardy Strauss Inc. owned approximately 0.08% of Cameco worth $17,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Dantai Capital Ltd raised its stake in shares of Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after acquiring an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC purchased a new position in shares of Cameco during the fourth quarter worth approximately $895,000. Whalen Wealth Management Inc. purchased a new position in shares of Cameco during the fourth quarter worth approximately $445,000. iA Global Asset Management Inc. purchased a new position in shares of Cameco during the third quarter worth approximately $5,305,000. Finally, Telemark Asset Management LLC increased its stake in shares of Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after buying an additional 100,000 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 6.4 %

Shares of NYSE CCJ opened at $43.56 on Friday. 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 52 week low of $35.43 and a 52 week high of $62.55. The firm’s fifty day moving average is $50.79 and its 200 day moving average is $49.67. The company has a market cap of $18.96 billion, a price-to-earnings ratio of 155.55 and a beta of 0.94.

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.56.

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.