Spire Wealth Management Cuts Stake in Cameco Co. (NYSE:CCJ)

Spire Wealth Management trimmed its stake in Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,240 shares of the basic materials company’s stock after selling 425 shares during the quarter. Spire Wealth Management’s holdings in Cameco were worth $184,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Venturi Wealth Management LLC raised its holdings in shares of Cameco by 235.3% in the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 400 shares during the period. Fifth Third Bancorp lifted its position in Cameco by 12.3% during the first quarter. Fifth Third Bancorp now owns 2,290 shares of the basic materials company’s stock valued at $99,000 after buying an additional 250 shares in the last quarter. Sapient Capital LLC purchased a new stake in Cameco during the first quarter worth approximately $227,000. Sterling Investment Management LLC increased its position in shares of Cameco by 0.8% in the first quarter. Sterling Investment Management LLC now owns 58,451 shares of the basic materials company’s stock worth $2,532,000 after acquiring an additional 436 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Cameco by 3.4% in the 1st quarter. Raymond James & Associates now owns 402,800 shares of the basic materials company’s stock valued at $17,449,000 after acquiring an additional 13,264 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CCJ shares. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 price target for the company. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.75.

View Our Latest Research Report on Cameco

Cameco Stock Up 1.8 %

CCJ stock traded up $0.93 during midday trading on Monday, hitting $53.98. 4,345,168 shares of the company’s stock were exchanged, compared to its average volume of 4,918,074. The firm has a 50 day moving average price of $47.20 and a 200-day moving average price of $45.32. Cameco Co. has a 12-month low of $26.15 and a 12-month high of $54.54. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 138.41 and a beta of 0.92. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17.

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.

Further Reading

Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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