Cameco Co. (NYSE:CCJ) Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. cut its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 41.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,666 shares of the basic materials company’s stock after selling 85,590 shares during the quarter. Cameco accounts for 2.7% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 17th largest position. Azarias Capital Management L.P.’s holdings in Cameco were worth $6,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in shares of Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the period. M&G PLC purchased a new stake in Cameco during the 3rd quarter worth about $66,227,000. Segra Capital Management LLC acquired a new stake in Cameco in the 3rd quarter valued at about $53,013,000. Fred Alger Management LLC boosted its stake in shares of Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after buying an additional 839,077 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after buying an additional 664,828 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 0.4 %

CCJ stock opened at $49.64 on Thursday. The company’s 50 day moving average price is $52.51 and its 200 day moving average price is $49.47. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 261.28 and a beta of 0.94. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

About Cameco

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.