Sterling Investment Management LLC Decreases Stock Holdings in Cameco Co. (NYSE:CCJ)

Sterling Investment Management LLC decreased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,015 shares of the basic materials company’s stock after selling 1,447 shares during the quarter. Cameco makes up 1.8% of Sterling Investment Management LLC’s investment portfolio, making the stock its 18th largest position. Sterling Investment Management LLC’s holdings in Cameco were worth $2,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cameco by 37.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after acquiring an additional 4,644,453 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Cameco by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 454,418 shares of the basic materials company’s stock worth $13,223,000 after purchasing an additional 9,757 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Cameco by 6.0% during the first quarter. American Century Companies Inc. now owns 25,154 shares of the basic materials company’s stock worth $733,000 after acquiring an additional 1,414 shares during the last quarter. BlackRock Inc. boosted its position in shares of Cameco by 10.4% during the first quarter. BlackRock Inc. now owns 554,571 shares of the basic materials company’s stock worth $16,138,000 after acquiring an additional 52,341 shares during the last quarter. Finally, Aviva PLC bought a new position in Cameco during the first quarter valued at $819,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 1.5 %

Shares of CCJ opened at $42.72 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Cameco Co. has a 12-month low of $24.64 and a 12-month high of $51.33. The firm has a 50-day moving average price of $43.56 and a 200 day moving average price of $42.56. The firm has a market capitalization of $18.55 billion, a P/E ratio of 71.20 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The firm had revenue of $620.00 million during the quarter. Sell-side analysts forecast that Cameco Co. will post 2.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Cantor Fitzgerald downgraded shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.33.

About Cameco

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.