Keybank National Association OH Sells 16,890 Shares of Cameco Co. (NYSE:CCJ)

Keybank National Association OH lessened its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,063,030 shares of the basic materials company’s stock after selling 16,890 shares during the period. Cameco accounts for approximately 1.2% of Keybank National Association OH’s holdings, making the stock its 17th biggest position. Keybank National Association OH owned 1.39% of Cameco worth $311,579,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Cameco during the 4th quarter valued at about $25,000. Pingora Partners LLC bought a new position in Cameco in the 3rd quarter worth approximately $33,000. Whipplewood Advisors LLC bought a new position in Cameco in the 4th quarter worth approximately $33,000. Compass Planning Associates Inc bought a new position in Cameco in the 4th quarter worth approximately $36,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 6.8 %

Shares of CCJ stock opened at $41.05 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 146.61 and a beta of 0.94. The stock has a 50 day simple moving average of $49.63 and a 200-day simple moving average of $49.99. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities research analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $66.56.

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.