Letko Brosseau & Associates Trimmed Cameco (CCJ) Position, Guinness Asset Management LTD Cut By $372,800 Its Ja Solar Holdings Co LTD (JASO) Stake

June 9, 2017 - By Adrian Mccoy

Letko Brosseau & Associates Inc decreased Cameco Corp (CCJ) stake by 2.32% reported in 2016Q4 SEC filing. Letko Brosseau & Associates Inc sold 115,075 shares as Cameco Corp (CCJ)’s stock declined 16.04%. The Letko Brosseau & Associates Inc holds 4.84M shares with $50.65M value, down from 4.96M last quarter. Cameco Corp now has $3.87B valuation. The stock rose 0.11% or $0.01 reaching $9.41. About 332,210 shares traded. Cameco Corp (USA) (NYSE:CCJ) has declined 13.76% since June 9, 2016 and is downtrending. It has underperformed by 30.46% the S&P500.

Guinness Asset Management Ltd decreased Ja Solar Holdings Co Ltd (JASO) stake by 18.66% reported in 2016Q4 SEC filing. Guinness Asset Management Ltd sold 93,200 shares as Ja Solar Holdings Co Ltd (JASO)’s stock rose 42.01%. The Guinness Asset Management Ltd holds 406,348 shares with $1.94M value, down from 499,548 last quarter. Ja Solar Holdings Co Ltd now has $314.49 million valuation. The stock declined 1.07% or $0.07 reaching $6.49 per share. About 98,522 shares traded. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has declined 7.04% since June 9, 2016 and is downtrending. It has underperformed by 23.74% the S&P500.

Guinness Asset Management Ltd increased Intercontinental Exchange In (NYSE:ICE) stake by 38,120 shares to 47,650 valued at $2.69 million in 2016Q4. It also upped Illinois Tool Wks Inc (NYSE:ITW) stake by 12,400 shares and now owns 68,230 shares. Block H & R Inc (NYSE:HRB) was raised too.

Among 5 analysts covering JA Solar (NASDAQ:JASO), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. JA Solar had 8 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Sell” rating by Axiom Capital on Monday, August 31. The firm has “Sell” rating given on Wednesday, November 16 by Axiom Capital. The rating was maintained by RBC Capital Markets on Wednesday, August 12 with “Outperform”. The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has “Buy” rating given on Wednesday, December 16 by TH Capital. The rating was downgraded by Roth Capital on Friday, June 3 to “Neutral”. The stock has “Neutral” rating by Roth Capital on Saturday, August 15. Axiom Capital upgraded the stock to “Buy” rating in Thursday, October 6 report.

Analysts await Cameco Corp (USA) (NYSE:CCJ) to report earnings on July, 27 before the open. They expect $-0.09 earnings per share, up 18.18% or $0.02 from last year’s $-0.11 per share. After $-0.05 actual earnings per share reported by Cameco Corp (USA) for the previous quarter, Wall Street now forecasts 80.00% negative EPS growth.

Letko Brosseau & Associates Inc increased Cenovus Energy Inc (NYSE:CVE) stake by 300,625 shares to 13.82 million valued at $208.96 million in 2016Q4. It also upped Manulife Finl Corp (NYSE:MFC) stake by 58,335 shares and now owns 19.81 million shares. Bce Inc (NYSE:BCE) was raised too.