Cameco Co. (NYSE:CCJ) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC decreased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,605 shares of the basic materials company’s stock after selling 204 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Cameco were worth $1,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Silvia Mccoll Wealth Management LLC lifted its position in shares of Cameco by 3.9% during the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 210 shares during the last quarter. EdgeRock Capital LLC grew its position in Cameco by 1.7% during the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after acquiring an additional 224 shares during the last quarter. LRI Investments LLC grew its position in Cameco by 39.0% during the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. Finally, S.A. Mason LLC boosted its position in Cameco by 8.1% in the 2nd quarter. S.A. Mason LLC now owns 3,449 shares of the basic materials company’s stock valued at $170,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Glj Research reissued a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Scotiabank reduced their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Price Performance

Cameco stock opened at $53.79 on Friday. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The company’s 50 day moving average price is $45.96 and its two-hundred day moving average price is $47.89. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The stock has a market cap of $23.41 billion, a P/E ratio of 137.92 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. On average, equities analysts predict that Cameco Co. will post 0.83 earnings per share for the current year.

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.