Nikko Asset Management Americas Inc. Decreases Holdings in Cameco Co. (NYSE:CCJ)

Nikko Asset Management Americas Inc. cut its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 468,574 shares of the basic materials company's stock after selling 62,147 shares during the period. Nikko Asset Management Americas Inc. owned approximately 0.11% of Cameco worth $24,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Cameco in the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco in the fourth quarter valued at $28,000. Pingora Partners LLC bought a new position in Cameco in the 3rd quarter worth $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco in the 4th quarter worth about $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco during the fourth quarter valued at about $36,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Down 0.5 %

Shares of NYSE CCJ traded down $0.24 during midday trading on Friday, hitting $44.62. The stock had a trading volume of 2,990,101 shares, compared to its average volume of 4,086,377. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a market cap of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. The business's 50 day moving average is $47.13 and its 200-day moving average is $49.99. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 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 during the quarter, compared to analyst estimates of $1.09 billion. As a group, analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the topic of several research reports. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Finally, StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and an average target price of $73.64.

About Cameco

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.