Alberta Investment Management Corp lowered its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 822,768 shares of the basic materials company's stock after selling 42,022 shares during the quarter. Alberta Investment Management Corp owned about 0.19% of Cameco worth $42,283,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in shares of Cameco by 58.0% in the 3rd 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 bought a new stake in Cameco during the third quarter worth approximately $66,227,000. Segra Capital Management LLC acquired a new stake in Cameco in the third quarter worth approximately $53,013,000. Fred Alger Management LLC boosted its stake in Cameco by 99.7% during 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 purchasing an additional 839,077 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Cameco by 44.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company's stock valued at $102,737,000 after purchasing an additional 664,828 shares during the period. Institutional investors own 70.21% of the company's stock.
Cameco Price Performance
Shares of CCJ traded down $2.99 during midday trading on Friday, reaching $43.56. The stock had a trading volume of 7,343,768 shares, compared to its average volume of 4,686,063. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $18.96 billion, a P/E ratio of 229.25 and a beta of 0.94. The firm's 50 day moving average price is $51.00 and its 200-day moving average price is $49.62. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. On average, analysts forecast that Cameco Co. will post 0.42 earnings per share for the current fiscal year.
About Cameco
(
Free Report)
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.
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