Henry James International Management Inc. Cuts Stake in Cameco Co. (NYSE:CCJ)

Henry James International Management Inc. cut its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,419 shares of the basic materials company’s stock after selling 996 shares during the period. Henry James International Management Inc.’s holdings in Cameco were worth $449,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Cameco by 1,049.2% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after buying an additional 682 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Cameco in the fourth quarter worth approximately $34,000. Sandy Spring Bank bought a new stake in Cameco in the 4th quarter worth approximately $43,000. Blue Trust Inc. raised its stake in Cameco by 57.5% during the 4th quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock valued at $57,000 after buying an additional 521 shares during the last quarter. Finally, Covestor Ltd bought a new position in shares of Cameco during the 3rd quarter valued at $99,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE:CCJ traded down $0.01 during mid-day trading on Friday, hitting $48.41. 2,224,703 shares of the company traded hands, compared to its average volume of 4,342,076. The stock’s fifty day moving average price is $45.07 and its 200-day moving average price is $44.31. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco Co. has a one year low of $26.15 and a one year high of $52.64. The firm has a market cap of $21.02 billion, a price-to-earnings ratio of 124.13 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The business had revenue of $620.00 million during the quarter. Research analysts anticipate that Cameco Co. will post 1.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group initiated coverage on shares of Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

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.