Cameco Co. (NYSE:CCJ) Stake Cut by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lessened its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 12.5% during the 4th quarter, HoldingsChannel reports. The fund owned 5,223 shares of the basic materials company’s stock after selling 743 shares during the period. Fidelis Capital Partners LLC’s holdings in Cameco were worth $248,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. DJE Kapital AG acquired a new stake in shares of Cameco during the fourth quarter worth approximately $2,256,000. Plato Investment Management Ltd purchased a new stake in Cameco in the 4th quarter worth approximately $360,000. SBI Securities Co. Ltd. acquired a new stake in shares of Cameco during the 4th quarter valued at $635,000. Jones Financial Companies Lllp grew its holdings in shares of Cameco by 34.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,091 shares of the basic materials company’s stock valued at $364,000 after acquiring an additional 1,830 shares in the last quarter. Finally, Heritage Wealth Management Inc. increased its stake in shares of Cameco by 0.8% in 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 during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CCJ shares. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday. StockNews.com raised 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, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $71.25.

Cameco Price Performance

Shares of NYSE:CCJ opened at $41.82 on Wednesday. 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 stock has a market capitalization of $18.21 billion, a P/E ratio of 149.36 and a beta of 0.94. The business has a 50-day moving average of $49.41 and a two-hundred day moving average of $50.00. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting 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 during the quarter, compared to analyst estimates of $1.09 billion. On average, equities research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

About Cameco

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.