Cameco Co. (NYSE:CCJ) Shares Sold by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. trimmed its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 20.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,000 shares of the basic materials company’s stock after selling 9,500 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Cameco were worth $1,851,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Cameco by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,507 shares of the basic materials company’s stock valued at $48,077,000 after purchasing an additional 32,867 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Cameco by 4.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,591 shares of the basic materials company’s stock valued at $1,110,000 after purchasing an additional 1,009 shares during the period. DJE Kapital AG acquired a new position in shares of Cameco during the fourth quarter valued at $2,256,000. Plato Investment Management Ltd acquired a new position in shares of Cameco during the fourth quarter valued at $360,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Cameco during the fourth quarter valued at $635,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 6.8 %

Shares of CCJ stock opened at $41.05 on Tuesday. The stock has a 50-day simple moving average of $49.63 and a 200 day simple moving average of $49.99. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The stock has a market capitalization of $17.87 billion, a P/E ratio of 146.61 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share 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 analysts’ expectations of $1.09 billion. On average, sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $66.56.

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.