Ieq Capital LLC Reduces Holdings in Cameco Co. (NYSE:CCJ)

Ieq Capital LLC decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,618 shares of the basic materials company’s stock after selling 1,761 shares during the period. Ieq Capital LLC’s holdings in Cameco were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in Cameco by 92.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,931 shares of the basic materials company’s stock worth $99,000 after buying an additional 929 shares during the period. Truist Financial Corp grew its holdings in Cameco by 8.3% during the 4th quarter. Truist Financial Corp now owns 28,111 shares of the basic materials company’s stock worth $1,445,000 after acquiring an additional 2,153 shares in the last quarter. Burke & Herbert Bank & Trust Co. acquired a new position in Cameco during the 4th quarter worth $216,000. Highview Capital Management LLC DE grew its holdings in Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 300 shares in the last quarter. Finally, NTV Asset Management LLC grew its holdings in Cameco by 51.9% during the 4th quarter. NTV Asset Management LLC now owns 77,269 shares of the basic materials company’s stock worth $3,971,000 after acquiring an additional 26,414 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 2.5 %

NYSE CCJ opened at $44.70 on Thursday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a 50-day simple moving average of $50.23 and a 200-day simple moving average of $49.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market capitalization of $19.46 billion, a PE ratio of 159.64 and a beta of 0.94.

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price 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.