Oppenheimer & Co. Inc. Sells 373 Shares of Cameco Co. (NYSE:CCJ)

Oppenheimer & Co. Inc. reduced its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 32,024 shares of the basic materials company’s stock after selling 373 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cameco were worth $1,646,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CCJ. CIBC Asset Management Inc grew its stake in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares in the last quarter. M&G PLC bought a new position in shares of Cameco during the 3rd quarter worth approximately $66,227,000. Segra Capital Management LLC bought a new position in shares of Cameco during the 3rd quarter worth approximately $53,013,000. Fred Alger Management LLC grew its stake in shares of Cameco by 99.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after acquiring an additional 839,077 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after buying an additional 664,828 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Trading Down 6.8 %

NYSE CCJ opened at $41.05 on Tuesday. The company has a market cap of $17.87 billion, a PE ratio of 146.61 and a beta of 0.94. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The stock has a 50 day moving average of $49.63 and a 200-day moving average of $49.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.