Cameco Co. (NYSE:CCJ) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 616,179 shares of the basic materials company’s stock after selling 1,359 shares during the quarter. HighTower Advisors LLC owned about 0.14% of Cameco worth $31,665,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Cameco in the 4th quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the fourth quarter worth about $28,000. Pingora Partners LLC purchased a new position in shares of Cameco in the 3rd quarter worth about $33,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco during the 4th quarter worth about $36,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus initiated coverage on shares of Cameco in a research note on Wednesday. They issued a “buy” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Finally, Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $73.64.

Cameco Price Performance

CCJ opened at $42.44 on Friday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 151.55 and a beta of 1.04. The company has a fifty day simple moving average of $47.80 and a 200 day simple moving average of $49.91.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.09 billion. Equities research analysts expect 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.