Cipher Capital LP Sells Off Majority of Shares in Cameco Co.

June 3, 2023 – &Cipher Capital LP has made a significant move in its investment portfolio with the recent announcement of the reduction of its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO). According to the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC), &Cipher Capital has sold 62,129 shares during the fourth quarter, resulting in a decrease of its stock ownership by 54.2%. The institutional investor now owns only 52,432 shares in Cameco, which is worth $1,189,000 as of the most recent reporting period.

For investors who follow market movements closely, this news may come as a bit of a surprise. It is worth noting that &Cipher Capital is one of several hedge funds that have been divesting from Cameco Co. over recent months. However, it is necessary to investigate further into why an investment firm would decide to cut its holdings significantly in any given company.

Cameco […]

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