Keybank National Association OH Lowers Stock Holdings in Cameco Co. (NYSE:CCJ)

Keybank National Association OH cut its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,063,030 shares of the basic materials company’s stock after selling 16,890 shares during the quarter. Cameco accounts for 1.2% of Keybank National Association OH’s investment portfolio, making the stock its 17th biggest holding. Keybank National Association OH’s holdings in Cameco were worth $311,579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. Glenmede Trust Co. NA raised its stake in Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after buying an additional 191 shares in the last quarter. Heritage Wealth Management Inc. raised its holdings in shares of Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after acquiring an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after buying an additional 267 shares during the last quarter. EdgeRock Capital LLC grew its position in shares of Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE grew its position in shares of Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

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

Cameco Trading Down 6.8 %

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

Cameco (NYSE:CCJ) (TSE:CCO) last issued its 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. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.