Primecap Management Co. CA lowered its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,320,100 shares of the basic materials company's stock after selling 27,800 shares during the period. Primecap Management Co. CA owned 0.30% of Cameco worth $67,840,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. AGF Management Ltd. raised its holdings in Cameco by 54.2% during 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 buying an additional 1,193,266 shares during the last quarter. Segra Capital Management LLC bought a new stake in Cameco during the 3rd quarter valued at $53,013,000. Fred Alger Management LLC raised its holdings in Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company's stock worth $80,249,000 after purchasing an additional 839,077 shares in the last quarter. Raymond James Financial Inc. bought a new position in Cameco in the 4th quarter worth $34,440,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company's stock worth $102,737,000 after purchasing an additional 664,828 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Stock Performance
Shares of NYSE CCJ traded down $0.24 during trading on Friday, reaching $44.62. 2,990,101 shares of the company traded hands, compared to its average volume of 4,090,472. The firm has a 50 day simple moving average of $47.03 and a 200-day simple moving average of $50.01. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. 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 announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.26. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.
Analyst Upgrades and Downgrades
CCJ has been the subject of several research reports. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a report on Wednesday. Stifel Nicolaus initiated coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Glj Research increased their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Cameco presently has an average rating of "Buy" and an average target price of $73.64.
Read Our Latest Stock Report on CCJ
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.
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