Bridgewater Associates LP Sells 1,535,323 Shares of Cameco Co. (NYSE:CCJ)

Bridgewater Associates LP cut its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 61.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 943,165 shares of the basic materials company's stock after selling 1,535,323 shares during the quarter. Bridgewater Associates LP owned approximately 0.22% of Cameco worth $48,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Larson Financial Group LLC grew its position in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares during the period. Heritage Wealth Management Inc. lifted its position in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after buying an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after buying an additional 267 shares during the last quarter. EdgeRock Capital LLC grew its holdings in shares of Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after acquiring an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its position in shares of Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 300 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of Cameco stock traded down $0.16 during trading on Friday, hitting $41.12. 2,257,352 shares of the stock traded hands, compared to its average volume of 4,096,064. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 146.84 and a beta of 1.04. The firm's fifty day moving average is $42.67 and its 200-day moving average is $49.74. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Research analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CCJ shares. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. Glj Research raised their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Finally, Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $70.03.

Cameco Profile

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.