Sovereign Financial Group Inc. Decreases Holdings in Cameco Co. (NYSE:CCJ)

Sovereign Financial Group Inc. reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 26.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,375 shares of the basic materials company’s stock after selling 2,238 shares during the period. Sovereign Financial Group Inc.’s holdings in Cameco were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 682 shares during the period. Versant Capital Management Inc purchased a new stake in Cameco during the fourth quarter valued at approximately $34,000. Sandy Spring Bank purchased a new position in Cameco during the fourth quarter valued at $43,000. Blue Trust Inc. grew its holdings in Cameco by 57.5% during the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 521 shares during the period. Finally, Covestor Ltd purchased a new stake in Cameco during the 3rd quarter valued at approximately $99,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 2.0 %

CCJ traded up $1.02 on Tuesday, reaching $51.75. 6,532,956 shares of the company traded hands, compared to its average volume of 5,076,142. The company has a market cap of $22.47 billion, a P/E ratio of 132.69 and a beta of 0.92. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco Co. has a one year low of $26.15 and a one year high of $52.80. The firm has a fifty day simple moving average of $45.47 and a two-hundred day simple moving average of $44.59.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The firm had revenue of $620.00 million during the quarter. As a group, equities research analysts expect that Cameco Co. will post 1.37 earnings per share for the current year.

Analyst Ratings Changes

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

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.