Focus Partners Wealth Sells 240,768 Shares of Cameco Co. (NYSE:CCJ)

Focus Partners Wealth decreased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,757 shares of the basic materials company’s stock after selling 240,768 shares during the period. Focus Partners Wealth owned about 0.06% of Cameco worth $12,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fullerton Fund Management Co Ltd. lifted its position in Cameco by 54.9% during the fourth quarter. Fullerton Fund Management Co Ltd. now owns 16,037 shares of the basic materials company’s stock valued at $824,000 after purchasing an additional 5,681 shares during the period. Fiduciary Trust Co raised its position in Cameco by 2.1% in the fourth quarter. Fiduciary Trust Co now owns 20,868 shares of the basic materials company’s stock worth $1,072,000 after acquiring an additional 425 shares during the period. Frontier Capital Management Co. LLC raised its position in Cameco by 1,283.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 196,205 shares of the basic materials company’s stock worth $10,083,000 after acquiring an additional 182,021 shares during the period. FWL Investment Management LLC raised its position in Cameco by 5.4% in the fourth quarter. FWL Investment Management LLC now owns 106,596 shares of the basic materials company’s stock worth $5,478,000 after acquiring an additional 5,502 shares during the period. Finally, Deutsche Bank AG raised its position in Cameco by 6.8% in the fourth quarter. Deutsche Bank AG now owns 638,610 shares of the basic materials company’s stock worth $32,818,000 after acquiring an additional 40,667 shares during the period. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of several recent research reports. Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They issued a “buy” rating on the stock. Glj Research increased 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, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $70.03.

Cameco Stock Performance

CCJ opened at $51.12 on Tuesday. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 182.59 and a beta of 0.89. The company has a fifty day moving average of $42.90 and a 200 day moving average of $48.88. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business’s revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. As a group, sell-side analysts forecast that Cameco Co. will post 1.27 earnings per share 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.