Sienna Gestion Has $1.35 Million Holdings in Cameco Co. (NYSE:CCJ)

Sienna Gestion lowered its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 29.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,350 shares of the basic materials company's stock after selling 10,939 shares during the period. Sienna Gestion's holdings in Cameco were worth $1,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCJ. CIBC Asset Management Inc raised its stake in 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 valued at $181,382,000 after acquiring an additional 1,386,639 shares during the period. AGF Management Ltd. raised its stake in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after acquiring an additional 1,193,266 shares during the period. Bridgewater Associates LP raised its stake in Cameco by 19.9% in the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company's stock valued at $118,386,000 after acquiring an additional 410,711 shares during the period. Progeny 3 Inc. raised its stake in Cameco by 7.5% in the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company's stock valued at $108,326,000 after acquiring an additional 159,200 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Cameco by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company's stock valued at $103,968,000 after acquiring an additional 187,512 shares during the period. Institutional investors own 70.21% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CCJ shares. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $73.64.

Cameco Price Performance

CCJ traded down $0.24 during trading on Tuesday, hitting $43.09. 2,387,227 shares of the stock traded hands, compared to its average volume of 4,088,575. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 153.90 and a beta of 1.04. 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 business has a 50 day moving average price of $47.57 and a 200 day moving average price of $50.05.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data 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 business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Equities research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Cameco Company 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.