Cameco Co. (NYSE:CCJ) Shares Sold by Councilmark Asset Management LLC

Councilmark Asset Management LLC decreased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 37.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,225 shares of the basic materials company’s stock after selling 15,410 shares during the quarter. Councilmark Asset Management LLC’s holdings in Cameco were worth $1,296,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Cameco by 17.7% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 143,423 shares of the basic materials company’s stock worth $7,371,000 after buying an additional 21,542 shares in the last quarter. Intech Investment Management LLC grew its position in Cameco by 42.3% in the fourth quarter. Intech Investment Management LLC now owns 451,781 shares of the basic materials company’s stock worth $23,217,000 after acquiring an additional 134,250 shares during the period. Generali Asset Management SPA SGR purchased a new position in Cameco in the fourth quarter worth approximately $167,000. Tocqueville Asset Management L.P. grew its position in Cameco by 0.7% in the fourth quarter. Tocqueville Asset Management L.P. now owns 979,246 shares of the basic materials company’s stock worth $50,323,000 after acquiring an additional 7,215 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its stake in Cameco by 19.1% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 616,951 shares of the basic materials company’s stock worth $31,705,000 after purchasing an additional 99,123 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CCJ shares. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Glj Research raised their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $73.64.

Cameco Price Performance

Shares of NYSE:CCJ opened at $43.09 on Wednesday. The company has a 50-day moving average price of $47.40 and a 200 day moving average price of $50.07. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $18.76 billion, a P/E ratio of 153.90 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) 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 the consensus estimate of $1.09 billion. Research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

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.