Nicola Wealth Management LTD. Trims Holdings in Cameco Co. (NYSE:CCJ)

Nicola Wealth Management LTD. reduced its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,000 shares of the basic materials company’s stock after selling 9,500 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Cameco were worth $1,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Cameco by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,507 shares of the basic materials company’s stock valued at $48,077,000 after buying an additional 32,867 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Cameco by 4.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,591 shares of the basic materials company’s stock valued at $1,110,000 after buying an additional 1,009 shares during the last quarter. DJE Kapital AG purchased a new position in shares of Cameco during the 4th quarter valued at approximately $2,256,000. Plato Investment Management Ltd purchased a new position in shares of Cameco during the 4th quarter valued at approximately $360,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Cameco during the 4th quarter valued at approximately $635,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

CCJ stock opened at $41.05 on Tuesday. 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 $17.87 billion, a P/E ratio of 146.61 and a beta of 0.94. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The stock’s 50 day simple moving average is $49.63 and its 200 day simple moving average is $49.99.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 for the quarter, compared to analyst estimates of $1.09 billion. As a group, equities research analysts predict 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 report on Friday, February 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $66.56.

Cameco 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.