Cameco Co. (NYSE:CCJ) Stock Position Cut by Pekin Hardy Strauss Inc.

by · The Cerbat Gem

Pekin Hardy Strauss Inc. lessened its holdings in shares of Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,858 shares of the basic materials company’s stock after selling 22,982 shares during the period. Cameco accounts for approximately 2.3% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 3rd biggest position. Pekin Hardy Strauss Inc.’s holdings in Cameco were worth $17,928,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Glenmede Trust Co. NA boosted its holdings in shares of Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after buying an additional 191 shares in the last quarter. S.A. Mason LLC boosted its holdings in shares of Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after buying an additional 206 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after buying an additional 267 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 300 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Cameco by 4.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock worth $331,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of Cameco stock opened at $43.56 on Friday. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 155.55 and a beta of 0.94. The firm’s 50-day moving average is $50.79 and its 200 day moving average is $49.67. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $66.56.

Check Out Our Latest Stock Analysis on Cameco

Cameco Profile

(Free Report)

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.

See Also

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