Skylands Capital LLC Decreases Stake in Cameco Co. (NYSE:CCJ)

Skylands Capital LLC trimmed its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,650 shares of the basic materials company’s stock after selling 4,900 shares during the quarter. Skylands Capital LLC’s holdings in Cameco were worth $547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Sierra Ocean LLC bought a new stake in shares of Cameco in the fourth quarter worth $25,000. Pingora Partners LLC acquired a new stake in shares of Cameco during the 3rd quarter valued at approximately $33,000. Compass Planning Associates Inc bought a new position in Cameco during the fourth quarter worth $36,000. First Horizon Advisors Inc. increased its stake in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 351 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Cameco during the third quarter worth $38,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $66.56.

Cameco Trading Down 6.4 %

Shares of NYSE:CCJ opened at $43.56 on Monday. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $18.96 billion, a PE ratio of 155.55 and a beta of 0.94. The company’s 50-day moving average price is $50.79 and its 200 day moving average price is $49.75.

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 firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Sell-side analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current 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.