Public Sector Pension Investment Board Trims Holdings in Cameco Corp (NYSE:CCJ)

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Public Sector Pension Investment Board trimmed its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 460,378 shares of the basic materials company’s stock after selling 28,100 shares during the period. Public Sector Pension Investment Board’s holdings in Cameco were worth $4,097,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CCJ. Quadrant Capital Group LLC raised its stake in shares of Cameco by 318.8% during the fourth quarter. Quadrant Capital Group LLC now owns 6,851 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 5,215 shares during the period. Exane Derivatives grew its holdings in shares of Cameco by 10,895.5% in the fourth quarter. Exane Derivatives now owns 7,367 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 7,300 shares in the last quarter. Courier Capital LLC acquired a new position in shares of Cameco in the fourth quarter valued at approximately $89,000. Tower Research Capital LLC TRC grew its holdings in shares of Cameco by 1,130.1% in the third quarter. Tower Research Capital LLC TRC now owns 11,489 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 10,555 shares in the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Cameco in the fourth quarter valued at approximately $111,000. 59.79% of the stock is currently owned by institutional investors and hedge funds.

NYSE CCJ traded down $0.27 on Wednesday, hitting $6.43. 5,953,808 shares of the stock were exchanged, compared to its average volume of 2,744,867. The company has a quick ratio of 5.36, a current ratio of 6.51 and a debt-to-equity ratio of 0.20. Cameco Corp has a fifty-two week low of $5.30 and a fifty-two week high of $12.12. The company has a market cap of $2.65 billion, a PE ratio of 45.93 and a beta of 0.59. The company has a 50-day moving average price of $8.13 and a 200-day moving average price of $8.90.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, February 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.14. Cameco had a net margin of 4.01% and a return on equity of 0.84%. The business had revenue of $871.00 million during the quarter, compared to analysts’ expectations of $796.59 million. During the same quarter in the prior year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Cameco Corp will post 0.02 EPS for the current fiscal year.

A number of brokerages recently weighed in on CCJ. Zacks Investment Research upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Monday, March 9th. Raymond James restated a “buy” rating and issued a $15.00 price objective on shares of Cameco in a report on Monday, February 10th. Scotiabank upgraded shares of Cameco to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, March 20th. Finally, ValuEngine cut shares of Cameco from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cameco has an average rating of “Buy” and an average target price of $12.63.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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