Cameco Corporation $CCJ Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.5% during the third quarter, Holdings Channel reports. The institutional investor owned 3,903,882 shares of the basic materials company’s stock after selling 408,457 shares during the period. Cameco makes up 1.8% of Alps Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Alps Advisors Inc.’s holdings in Cameco were worth $327,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of Cameco by 3.1% in the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 120 shares during the last quarter. Lee Johnson Capital Management LLC raised its stake in Cameco by 1.2% during the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after purchasing an additional 127 shares during the period. Wealth Alliance LLC boosted its holdings in shares of Cameco by 1.6% in the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after purchasing an additional 154 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Cameco by 11.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after buying an additional 160 shares during the period. Finally, Colonial Trust Advisors increased its holdings in shares of Cameco by 0.3% during the 2nd quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company’s stock worth $4,435,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CCJ shares. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. UBS Group assumed coverage on Cameco in a research report on Monday, November 10th. They set a “neutral” rating and a $140.00 price target on the stock. Finally, Glj Research restated a “buy” rating and issued a $99.74 price target on shares of Cameco in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $131.39.

Cameco Stock Performance

Cameco stock opened at $113.66 on Friday. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The stock has a market cap of $49.49 billion, a P/E ratio of 132.16 and a beta of 0.99. The stock has a 50 day moving average of $103.70 and a 200-day moving average of $90.61.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The company had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The company’s revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) earnings per share. On average, analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.