Cohen & Steers Inc. cut its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,098 shares of the basic materials company's stock after selling 37,690 shares during the quarter. Cohen & Steers Inc.'s holdings in Cameco were worth $7,045,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CCJ. Norges Bank purchased a new stake in shares of Cameco during the 4th quarter valued at about $188,595,000. FMR LLC grew its position in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after acquiring an additional 1,811,876 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after purchasing an additional 1,196,336 shares during the period. AGF Management Ltd. lifted its position in shares of Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Cameco by 35.9% in the fourth quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock valued at $133,151,000 after purchasing an additional 685,145 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.
Cameco Stock Performance
Shares of Cameco stock traded up $0.50 during trading hours on Wednesday, reaching $41.31. The company's stock had a trading volume of 3,343,569 shares, compared to its average volume of 4,091,247. 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 Co. has a one year low of $35.00 and a one year high of $62.55. The company's 50 day simple moving average is $43.21 and its 200 day simple moving average is $49.90. The stock has a market cap of $17.98 billion, a P/E ratio of 147.54 and a beta of 1.04.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $70.03.
Get Our Latest Analysis on CCJ
About Cameco
(
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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