CoreCommodity Management LLC lessened its holdings in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 6.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 55,075 shares of the basic materials company’s stock after selling 3,945 shares during the quarter. CoreCommodity Management LLC’s holdings in Cameco were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in shares of Cameco by 284.6% during the fourth quarter. Quadrant Capital Group LLC now owns 6,850 shares of the basic materials company’s stock valued at $74,000 after buying an additional 5,069 shares during the last quarter. NumerixS Investment Technologies Inc raised its holdings in shares of Cameco by 9,400.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 9,500 shares of the basic materials company’s stock valued at $106,000 after buying an additional 9,400 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Cameco during the third quarter valued at approximately $120,000. AlphaCrest Capital Management LLC bought a new stake in shares of Cameco during the fourth quarter valued at approximately $129,000. Finally, Banco de Sabadell S.A raised its holdings in shares of Cameco by 100.0% during the third quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock valued at $131,000 after buying an additional 5,000 shares during the last quarter. 52.83% of the stock is currently owned by institutional investors.

NYSE CCJ opened at $12.42 on Friday. Cameco Corp has a 12 month low of $8.85 and a 12 month high of $13.04. The company has a current ratio of 2.38, a quick ratio of 1.84 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.92 billion, a P/E ratio of 31.05 and a beta of 0.87.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.20. Cameco had a net margin of 7.91% and a return on equity of 4.23%. The business had revenue of $628.85 million for the quarter. Sell-side analysts predict that Cameco Corp will post -0.03 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Bank of America lowered shares of Cameco to a “sell” rating in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.33.

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About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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