Sterling Investment Management LLC Cuts Stake in Cameco Co. (NYSE:CCJ)

Sterling Investment Management LLC lessened its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,015 shares of the basic materials company’s stock after selling 1,447 shares during the quarter. Cameco comprises about 1.8% of Sterling Investment Management LLC’s investment portfolio, making the stock its 18th biggest holding. Sterling Investment Management LLC’s holdings in Cameco were worth $2,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. increased its position in Cameco by 1.4% in the third quarter. Avantax Advisory Services Inc. now owns 21,495 shares of the basic materials company’s stock worth $852,000 after purchasing an additional 304 shares during the last quarter. Joule Financial LLC increased its holdings in shares of Cameco by 2.4% during the fourth quarter. Joule Financial LLC now owns 16,524 shares of the basic materials company’s stock valued at $712,000 after acquiring an additional 395 shares in the last quarter. Advisor Partners II LLC boosted its position in Cameco by 3.7% in the third quarter. Advisor Partners II LLC now owns 12,507 shares of the basic materials company’s stock valued at $496,000 after buying an additional 452 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Cameco by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 154,241 shares of the basic materials company’s stock valued at $4,832,000 after buying an additional 460 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Cameco by 2.2% in the first quarter. Wetherby Asset Management Inc. now owns 21,835 shares of the basic materials company’s stock valued at $571,000 after buying an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CCJ. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. Cantor Fitzgerald lowered shares of Cameco from a “buy” rating to a “neutral” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.33.

Cameco Stock Performance

Shares of CCJ opened at $42.72 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Cameco Co. has a 52-week low of $24.64 and a 52-week high of $51.33. The stock has a 50 day moving average price of $43.56 and a 200 day moving average price of $42.56. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 71.20 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. Research analysts predict that Cameco Co. will post 2.11 EPS for the current fiscal year.

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.