Sei Investments Co. Sells 24,061 Shares of Cameco Co. (NYSE:CCJ)

Sei Investments Co. lowered its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 248,845 shares of the basic materials company’s stock after selling 24,061 shares during the period. Sei Investments Co.’s holdings in Cameco were worth $12,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Old West Investment Management LLC lifted its position in Cameco by 10.4% in the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after acquiring an additional 26,584 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Cameco by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 902,640 shares of the basic materials company’s stock worth $43,169,000 after buying an additional 29,617 shares during the period. Cerity Partners LLC grew its holdings in shares of Cameco by 78.8% during the third quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company’s stock worth $999,000 after buying an additional 9,222 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Cameco by 548.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,784 shares of the basic materials company’s stock valued at $85,000 after buying an additional 1,509 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the topic of a number of recent research reports. Glj Research lifted their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a “buy” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Finally, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $73.64.

Cameco Stock Down 1.9 %

Shares of CCJ opened at $41.83 on Friday. The firm’s 50-day simple moving average is $46.42 and its 200 day simple moving average is $50.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market cap of $18.21 billion, a P/E ratio of 149.40 and a beta of 1.04. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

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, hitting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, analysts forecast that Cameco Co. will post 1.27 earnings per share for the current 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.