CANADA LIFE ASSURANCE Co Lowers Position in Cameco Co. (NYSE:CCJ)

CANADA LIFE ASSURANCE Co reduced its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 488,617 shares of the basic materials company's stock after selling 140,474 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.11% of Cameco worth $25,079,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Fairfield Bush & CO. lifted its stake in shares of Cameco by 22.8% in the 4th quarter. Fairfield Bush & CO. now owns 29,734 shares of the basic materials company's stock valued at $1,528,000 after purchasing an additional 5,518 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Cameco by 3,057.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 643,535 shares of the basic materials company's stock worth $33,046,000 after acquiring an additional 623,154 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of Cameco during the 4th quarter worth about $103,000. Marshall Wace LLP grew its position in shares of Cameco by 25.4% during the 4th quarter. Marshall Wace LLP now owns 1,777,862 shares of the basic materials company's stock valued at $91,364,000 after acquiring an additional 359,794 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Cameco by 5.7% in the 4th quarter. NewEdge Advisors LLC now owns 115,579 shares of the basic materials company's stock valued at $5,940,000 after purchasing an additional 6,284 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCJ. Desjardins assumed coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price on the stock. Finally, Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $70.03.

Cameco Trading Up 4.4 %

NYSE CCJ traded up $1.78 on Wednesday, reaching $41.96. 4,546,869 shares of the company were exchanged, compared to its average volume of 4,095,777. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The business's fifty day moving average price is $42.30 and its 200 day moving average price is $49.59. The stock has a market capitalization of $18.27 billion, a P/E ratio of 149.86 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two 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 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 firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. Analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

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.