Azarias Capital Management L.P. Has $11.36 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Azarias Capital Management L.P. cut its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 43.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,135 shares of the basic materials company’s stock after selling 199,301 shares during the period. Cameco makes up approximately 4.8% of Azarias Capital Management L.P.’s portfolio, making the stock its 9th biggest position. Azarias Capital Management L.P. owned approximately 0.06% of Cameco worth $11,356,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in Cameco in the fourth quarter valued at approximately $29,000. Versant Capital Management Inc purchased a new stake in shares of Cameco during the fourth quarter worth about $34,000. Sandy Spring Bank bought a new position in Cameco in the fourth quarter worth about $43,000. Blue Trust Inc. increased its stake in shares of Cameco by 57.5% during the fourth 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 in the last quarter. Finally, Creekmur Asset Management LLC bought a new position in shares of Cameco during the fourth quarter valued at approximately $97,000. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 1.7 %

NYSE:CCJ traded up $0.83 during trading hours on Thursday, reaching $50.56. 1,651,589 shares of the stock were exchanged, compared to its average volume of 2,557,252. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $51.55 and a two-hundred day moving average of $47.15. Cameco Co. has a twelve month low of $29.17 and a twelve month high of $56.24. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 129.64 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.23). The business had revenue of $470.29 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. On average, equities analysts predict that Cameco Co. will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America raised their target price on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. The Goldman Sachs Group lifted their price target on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. Finally, StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.70.

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.