Sentry Investment Management LLC Decreases Stake in Cameco Co. (NYSE:CCJ)

Sentry Investment Management LLC lessened its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,230 shares of the basic materials company’s stock after selling 1,177 shares during the quarter. Sentry Investment Management LLC’s holdings in Cameco were worth $371,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. IFP Advisors Inc boosted its position in Cameco by 17.5% during the fourth quarter. IFP Advisors Inc now owns 6,299 shares of the basic materials company’s stock worth $324,000 after acquiring an additional 938 shares during the last quarter. Hardman Johnston Global Advisors LLC lifted its stake in Cameco by 20.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 22,740 shares of the basic materials company’s stock worth $1,169,000 after purchasing an additional 3,880 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Cameco during the 4th quarter worth approximately $2,572,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $1,420,000. Finally, Ipswich Investment Management Co. Inc. increased its holdings in shares of Cameco by 187.5% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 57,969 shares of the basic materials company’s stock valued at $2,979,000 after purchasing an additional 37,809 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 0.6 %

CCJ stock opened at $43.55 on Wednesday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The firm has a market cap of $18.96 billion, a PE ratio of 155.54 and a beta of 0.94. The firm’s 50 day moving average price is $50.37 and its 200-day moving average price is $49.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities research analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One research 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 currently has an average rating of “Buy” and a consensus price target of $66.56.

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.