Cameco Co. (NYSE:CCJ) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 9.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,784,147 shares of the basic materials company's stock after selling 276,827 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.64% of Cameco worth $142,970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Glenmede Trust Co. NA boosted its stake in Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after purchasing an additional 191 shares during the period. Larson Financial Group LLC boosted its position in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 226 shares during the last quarter. Heritage Wealth Management Inc. boosted 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 valued at $1,587,000 after acquiring an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock valued at $42,000 after buying an additional 267 shares during the period. Finally, EdgeRock Capital LLC raised its holdings in Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after buying an additional 297 shares during the period. 70.21% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCJ shares. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Glj Research raised their price target on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday. They set a "buy" rating on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $73.64.

Cameco Stock Performance

CCJ stock traded up $0.63 during trading on Friday, hitting $42.44. 3,950,746 shares of the company traded hands, compared to its average volume of 4,102,019. The stock's 50-day simple moving average is $47.80 and its 200 day simple moving average is $50.03. 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 company has a market cap of $18.47 billion, a PE ratio of 151.55 and a beta of 1.04. Cameco Co. has a 1 year low of $35.43 and a 1 year 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. The company had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities analysts expect 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.