Raymond James Financial Services Advisors Inc. Reduces Holdings in Cameco Corp (NYSE:CCJ)

Raymond James Financial Services Advisors Inc. reduced its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,956 shares of the basic materials company’s stock after selling 5,062 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Cameco were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Pinnacle Financial Partners Inc. purchased a new position in shares of Cameco during the 1st quarter valued at about $29,000. Truvestments Capital LLC purchased a new position in shares of Cameco in the 1st quarter valued at about $39,000. Baldwin Brothers Inc. MA purchased a new position in shares of Cameco in the 1st quarter valued at about $41,000. NumerixS Investment Technologies Inc increased its stake in shares of Cameco by 9,400.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 9,500 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 9,400 shares in the last quarter. Finally, AlphaCrest Capital Management LLC purchased a new position in shares of Cameco in the 4th quarter valued at about $129,000. 51.64% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Royal Bank of Canada reiterated a “hold” rating on shares of Cameco in a report on Thursday, May 2nd. Raymond James reiterated a “buy” rating on shares of Cameco in a report on Thursday, May 2nd. Finally, TD Securities cut Cameco from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Cameco presently has an average rating of “Hold” and a consensus target price of $14.67.

Shares of Cameco stock traded up $0.28 on Friday, hitting $10.73. 2,011,676 shares of the company were exchanged, compared to its average volume of 1,893,534. Cameco Corp has a 1-year low of $9.39 and a 1-year high of $13.04. The stock has a market cap of $4.14 billion, a PE ratio of 26.83 and a beta of 0.87. The stock’s 50-day moving average is $10.27. The company has a quick ratio of 1.78, a current ratio of 2.55 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The business had revenue of $297.50 million during the quarter, compared to analyst estimates of $392.93 million. Cameco had a net margin of 4.72% and a return on equity of 3.13%. The company’s revenue was down 32.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. As a group, sell-side analysts predict that Cameco Corp will post 0.03 earnings per share for the current fiscal 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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