Intellectus Partners LLC Sells 4,494 Shares of Cameco Co. (NYSE:CCJ)

Intellectus Partners LLC decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,307 shares of the basic materials company’s stock after selling 4,494 shares during the period. Cameco comprises 1.1% of Intellectus Partners LLC’s holdings, making the stock its 17th largest holding. Intellectus Partners LLC’s holdings in Cameco were worth $3,892,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Intact Investment Management Inc. boosted its position in Cameco by 88.6% in the fourth quarter. Intact Investment Management Inc. now owns 179,250 shares of the basic materials company’s stock valued at $7,729,000 after buying an additional 84,190 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $514,000. Truist Financial Corp boosted its position in Cameco by 19.7% in the fourth quarter. Truist Financial Corp now owns 24,667 shares of the basic materials company’s stock valued at $1,063,000 after buying an additional 4,061 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in Cameco in the fourth quarter valued at approximately $743,000. Finally, Bank of New Hampshire boosted its position in Cameco by 2,655.5% in the fourth quarter. Bank of New Hampshire now owns 32,377 shares of the basic materials company’s stock valued at $1,395,000 after buying an additional 31,202 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Up 0.4 %

CCJ traded up $0.19 during midday trading on Friday, hitting $49.35. The company had a trading volume of 3,083,385 shares, compared to its average volume of 4,261,084. Cameco Co. has a 52 week low of $25.72 and a 52 week high of $52.64. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $21.43 billion, a price-to-earnings ratio of 82.25 and a beta of 0.92. The stock’s 50 day moving average price is $44.43 and its 200 day moving average price is $43.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its 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). The business had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. On average, research analysts anticipate that Cameco Co. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CCJ shares. The Goldman Sachs Group started coverage on shares of Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 price target on the stock. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.75.

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.