Intellectus Partners LLC Has $3.89 Million Stake in Cameco Co. (NYSE:CCJ)

Intellectus Partners LLC decreased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 90,307 shares of the basic materials company’s stock after selling 4,494 shares during the period. Cameco accounts for about 1.1% of Intellectus Partners LLC’s holdings, making the stock its 17th largest position. Intellectus Partners LLC’s holdings in Cameco were worth $3,892,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CCJ. Allworth Financial LP boosted its stake in Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 682 shares during the period. Versant Capital Management Inc bought a new stake in Cameco during the 4th quarter valued at approximately $34,000. Sandy Spring Bank bought a new stake in Cameco during the 4th quarter valued at approximately $43,000. Blue Trust Inc. boosted 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 purchasing an additional 521 shares during the period. Finally, Covestor Ltd bought a new stake in Cameco during the 3rd quarter valued at approximately $99,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 0.4 %

Shares of NYSE CCJ traded up $0.19 during midday trading on Friday, hitting $49.35. The stock had a trading volume of 3,083,385 shares, compared to its average volume of 4,261,084. The company’s 50-day simple moving average is $44.43 and its 200 day simple moving average is $43.98. The firm has a market cap of $21.43 billion, a P/E ratio of 82.25 and a beta of 0.92. Cameco Co. has a fifty-two week low of $25.72 and a fifty-two week high of $52.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million during the quarter. Research analysts anticipate that Cameco Co. will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Cameco Profile

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.