Ipswich Investment Management Co. Inc. decreased its holdings in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 57,160 shares of the basic materials company’s stock after selling 1,000 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Cameco were worth $613,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of Cameco by 1.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 7,755,314 shares of the basic materials company’s stock worth $91,435,000 after acquiring an additional 91,490 shares during the last quarter. Exor Investments UK LLP grew its stake in shares of Cameco by 7.0% during the second quarter. Exor Investments UK LLP now owns 6,382,515 shares of the basic materials company’s stock worth $68,484,000 after acquiring an additional 415,105 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Cameco by 95.8% during the first quarter. Bank of Montreal Can now owns 6,224,637 shares of the basic materials company’s stock worth $73,389,000 after acquiring an additional 3,045,011 shares during the last quarter. Norges Bank purchased a new stake in shares of Cameco during the fourth quarter worth about $35,531,000. Finally, Keybank National Association OH grew its stake in shares of Cameco by 11.5% during the first quarter. Keybank National Association OH now owns 2,805,172 shares of the basic materials company’s stock worth $33,073,000 after acquiring an additional 289,123 shares during the last quarter. Institutional investors and hedge funds own 51.66% of the company’s stock.

A number of equities research analysts recently commented on the company. Royal Bank of Canada set a $42.00 target price on Devon Energy and gave the company a “hold” rating in a research report on Thursday, May 2nd. TD Securities dropped their target price on WPX Energy from $19.00 to $18.50 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Raymond James reiterated a “buy” rating and issued a $21.00 target price on shares of Colfax in a research report on Thursday, May 2nd. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.67.

NYSE:CCJ traded down $0.27 during trading hours on Tuesday, reaching $10.06. The company had a trading volume of 2,577,500 shares, compared to its average volume of 1,996,189. Cameco Corp has a 1-year low of $9.39 and a 1-year high of $13.04. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 25.15 and a beta of 0.89. The stock has a 50 day moving average price of $10.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.78 and a current ratio of 2.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.04). Cameco had a net margin of 4.72% and a return on equity of 3.13%. The company had revenue of $297.50 million during the quarter, compared to analyst estimates of $392.93 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was down 32.3% compared to the same quarter last year. On average, equities analysts anticipate that Cameco Corp will post 0.01 earnings per share for the current year.

Cameco 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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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