S&CO Inc. Sells 28,752 Shares of Cameco Corporation $CCJ

S&CO Inc. decreased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,574 shares of the basic materials company’s stock after selling 28,752 shares during the quarter. Cameco makes up approximately 2.2% of S&CO Inc.’s portfolio, making the stock its 12th biggest position. S&CO Inc.’s holdings in Cameco were worth $35,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in Cameco in the 4th quarter worth about $25,000. Founders Capital Management bought a new position in Cameco in the fourth quarter valued at about $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Cameco during the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Finally, Sterling Capital Management LLC bought a new stake in shares of Cameco during the first quarter worth about $30,000. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent research reports. Royal Bank Of Canada upped their price objective on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. William Blair initiated coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Barclays reduced their target price on shares of Cameco from $108.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.18.

Cameco Trading Down 2.0%

Shares of CCJ stock opened at $85.61 on Friday. The stock has a market cap of $37.28 billion, a price-to-earnings ratio of 79.27, a PEG ratio of 1.40 and a beta of 1.02. The stock has a 50-day moving average of $103.83 and a 200-day moving average of $110.67. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. On average, equities research analysts forecast that Cameco Corporation will post 1.29 earnings per share for the current year.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.