Gabelli Funds LLC lowered its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 6.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 614,000 shares of the basic materials company’s stock after selling 45,000 shares during the period. Gabelli Funds LLC’s holdings in Cameco were worth $5,667,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Colony Group LLC grew its stake in Cameco by 4.6% in the 2nd quarter. Colony Group LLC now owns 74,515 shares of the basic materials company’s stock valued at $678,000 after buying an additional 3,265 shares during the last quarter. Commonwealth Equity Services Inc grew its stake in Cameco by 9.6% in the 3rd quarter. Commonwealth Equity Services Inc now owns 64,302 shares of the basic materials company’s stock valued at $621,000 after buying an additional 5,620 shares during the last quarter. Advisory Services Network LLC grew its stake in Cameco by 22.5% in the 2nd quarter. Advisory Services Network LLC now owns 39,055 shares of the basic materials company’s stock valued at $355,000 after buying an additional 7,178 shares during the last quarter. HAP Trading LLC grew its stake in Cameco by 24.8% in the 3rd quarter. HAP Trading LLC now owns 37,438 shares of the basic materials company’s stock valued at $362,000 after buying an additional 7,450 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Cameco by 15.5% in the 2nd quarter. Stifel Financial Corp now owns 60,526 shares of the basic materials company’s stock valued at $547,000 after buying an additional 8,131 shares during the last quarter. Institutional investors and hedge funds own 50.27% of the company’s stock.

Cameco Corp (NYSE CCJ) opened at $8.53 on Monday. The company has a current ratio of 5.40, a quick ratio of 2.16 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3,376.11, a P/E ratio of 65.61, a price-to-earnings-growth ratio of 7.89 and a beta of 1.21. Cameco Corp has a 52-week low of $7.68 and a 52-week high of $12.37.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. The business had revenue of $809.00 million during the quarter, compared to the consensus estimate of $780.91 million. Cameco had a negative net margin of 9.72% and a positive return on equity of 1.23%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. sell-side analysts expect that Cameco Corp will post 0.17 earnings per share for the current year.

A number of research analysts recently commented on CCJ shares. Zacks Investment Research upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, October 16th. Royal Bank of Canada decreased their target price on shares of Cameco from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Finally, TheStreet lowered shares of Cameco from a “c” rating to a “d+” rating in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Cameco has a consensus rating of “Hold” and a consensus price target of $18.33.

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About Cameco

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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