Cameco Co. (NYSE:CCJ) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd decreased its stake in Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) by 20.0% in the 4th quarter, Holdings Channel reports. The firm owned 40,000 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Cameco were worth $872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC lifted its stake in shares of Cameco by 98.3% in the third quarter. Cetera Advisors LLC now owns 141,148 shares of the basic materials company’s stock valued at $3,067,000 after purchasing an additional 69,956 shares during the period. CIBC Asset Management Inc raised its position in Cameco by 9.1% during the third quarter. CIBC Asset Management Inc now owns 336,531 shares of the basic materials company’s stock worth $7,262,000 after acquiring an additional 28,024 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Cameco during the third quarter worth about $7,283,000. Exchange Traded Concepts LLC raised its position in Cameco by 32.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,277,019 shares of the basic materials company’s stock worth $115,092,000 after acquiring an additional 1,293,760 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cameco by 1.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,746 shares of the basic materials company’s stock worth $3,994,000 after acquiring an additional 2,878 shares during the last quarter. Hedge funds and other institutional investors own 57.95% of the company’s stock.

Cameco stock traded down $0.20 during trading on Thursday, reaching $20.58. The company had a trading volume of 743,737 shares, compared to its average volume of 8,382,350. Cameco Co. has a 12-month low of $15.34 and a 12-month high of $32.49. The stock’s 50 day moving average price is $27.40 and its two-hundred day moving average price is $24.55. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of -182.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.19 and a current ratio of 5.18.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last released its earnings results on Wednesday, February 9th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. Cameco had a negative net margin of 3.72% and a negative return on equity of 1.08%. The firm had revenue of $368.91 million during the quarter. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, research analysts expect that Cameco Co. will post 0.1 earnings per share for the current year.

A number of equities analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Cameco from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $33.00 to $42.00 in a research report on Wednesday, March 30th. Scotiabank lifted their target price on shares of Cameco from C$40.00 to C$47.00 in a research report on Wednesday, April 13th. Bank of America lifted their price target on shares of Cameco from C$40.00 to C$46.00 in a report on Tuesday, April 12th. CIBC started coverage on shares of Cameco in a report on Wednesday, January 19th. They set an “outperform” rating for the company. Finally, Canaccord Genuity Group lifted their price target on shares of Cameco from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco presently has an average rating of “Buy” and an average target price of $40.70.

Cameco Company Profile (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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