Cameco Co. (NYSE:CCJ) Stake Lessened by FIL Ltd

FIL Ltd cut its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,481,447 shares of the basic materials company's stock after selling 1,229,673 shares during the period. FIL Ltd owned about 2.18% of Cameco worth $487,509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Old West Investment Management LLC raised its stake in Cameco by 10.4% during the third quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company's stock worth $13,472,000 after acquiring an additional 26,584 shares during the period. Hilltop Holdings Inc. bought a new stake in shares of Cameco in the 3rd quarter worth approximately $205,000. IHT Wealth Management LLC boosted its position in Cameco by 97.4% during the 3rd quarter. IHT Wealth Management LLC now owns 10,282 shares of the basic materials company's stock valued at $496,000 after purchasing an additional 5,072 shares during the period. Wellington Management Group LLP grew its stake in Cameco by 37.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,905,831 shares of the basic materials company's stock worth $91,112,000 after buying an additional 517,836 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in Cameco by 4.8% in the third quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company's stock worth $331,000 after buying an additional 320 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms have recently commented on CCJ. Royal Bank of Canada restated an "outperform" rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating on the stock. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Sanford C. Bernstein started coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target for the company. Finally, Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $70.03.

Cameco Price Performance

Cameco stock traded up $2.13 during mid-day trading on Friday, hitting $40.81. The company's stock had a trading volume of 4,789,609 shares, compared to its average volume of 4,128,777. The stock has a market capitalization of $17.76 billion, a P/E ratio of 145.74 and a beta of 1.04. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The stock's fifty day moving average price is $43.54 and its two-hundred day moving average price is $50.00. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. Research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current 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.