Essex Investment Management Co. LLC trimmed its holdings in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 35.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,383 shares of the basic materials company’s stock after selling 56,878 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Cameco were worth $973,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Moors & Cabot Inc. acquired a new position in shares of Cameco in the 3rd quarter worth approximately $99,000. Capital Investment Advisory Services LLC acquired a new position in shares of Cameco during the 3rd quarter valued at $497,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of Cameco by 37.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 459,559 shares of the basic materials company’s stock valued at $4,366,000 after acquiring an additional 125,199 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Cameco during the 3rd quarter valued at $540,000. Finally, Manning & Napier Group LLC lifted its position in shares of Cameco by 13.5% during the 3rd quarter. Manning & Napier Group LLC now owns 3,193,183 shares of the basic materials company’s stock valued at $30,334,000 after acquiring an additional 378,755 shares during the period. 52.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on CCJ shares. Zacks Investment Research downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.00.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). The business had revenue of $388.00 million for the quarter, compared to the consensus estimate of $360.50 million. Cameco had a net margin of 7.37% and a return on equity of 3.37%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. On average, equities analysts predict that Cameco Corp will post -0.05 earnings per share for the current fiscal year.
Cameco Company 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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