Blair William & Co. IL lessened its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,181 shares of the basic materials company's stock after selling 13,524 shares during the period. Blair William & Co. IL's holdings in Cameco were worth $1,037,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Old West Investment Management LLC raised its holdings in shares of Cameco by 10.4% during the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company's stock valued at $13,472,000 after buying an additional 26,584 shares in the last quarter. Cerity Partners LLC grew its position in Cameco by 78.8% during the third quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company's stock valued at $999,000 after acquiring an additional 9,222 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after acquiring an additional 191 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Cameco by 16.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 68,359 shares of the basic materials company's stock worth $3,269,000 after acquiring an additional 9,489 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Cameco by 11.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 706,755 shares of the basic materials company's stock valued at $33,755,000 after purchasing an additional 70,454 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Trading Down 7.6 %
CCJ stock traded down $3.12 on Friday, reaching $37.80. The company's stock had a trading volume of 9,417,889 shares, compared to its average volume of 4,107,877. The firm has a market cap of $16.45 billion, a PE ratio of 134.98 and a beta of 1.04. The business has a fifty day simple moving average of $45.02 and a two-hundred day simple moving average of $50.39. Cameco Co. has a 12-month low of $35.43 and a 12-month 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.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. As a group, research analysts forecast that Cameco Co. will post 1.27 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CCJ. Desjardins began coverage on shares of Cameco in a research report on Friday. They issued a "buy" rating on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a report on Wednesday. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Cameco presently has a consensus rating of "Buy" and a consensus target price of $70.03.
Read Our Latest Report on Cameco
Cameco Profile
(
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.
Read More
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
