Cameco Corporation $CCJ Shares Sold by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC cut its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 41,285 shares of the basic materials company’s stock after selling 18,171 shares during the period. Cameco accounts for about 2.0% of American Trust Investment Advisors LLC’s holdings, making the stock its 20th biggest position. American Trust Investment Advisors LLC’s holdings in Cameco were worth $3,777,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CCJ. Nisa Investment Advisors LLC acquired a new position in Cameco in the fourth quarter valued at $25,000. Founders Capital Management acquired a new position in Cameco in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its stake in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Strategic Advocates LLC acquired a new position in Cameco in the third quarter valued at $28,000. Finally, Sunbelt Securities Inc. increased its stake in Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ stock opened at $105.70 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco Corporation has a 1 year low of $67.60 and a 1 year high of $135.24. The firm has a market cap of $46.04 billion, a P/E ratio of 97.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The stock has a 50-day simple moving average of $112.82 and a 200-day simple moving average of $109.66.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a research report on Monday, March 9th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Cameco in a research report on Monday. Finally, Barclays assumed coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco 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.