Orion Portfolio Solutions LLC Lowers Position in Cameco Co. (NYSE:CCJ)

Orion Portfolio Solutions LLC decreased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,976 shares of the basic materials company’s stock after selling 3,651 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Cameco were worth $1,027,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after buying an additional 226 shares in the last quarter. Heritage Wealth Management Inc. grew its position in Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after acquiring an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares during the last quarter. EdgeRock Capital LLC raised its position in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE boosted its holdings in shares of Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 300 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Cameco stock opened at $37.80 on Friday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The firm has a market cap of $16.45 billion, a P/E ratio of 134.98 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $45.02 and a 200-day moving average of $50.32.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Sell-side analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CCJ shares. Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Desjardins began coverage on shares of Cameco in a research report on Friday. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and an average target price of $70.03.

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.