Artemis Investment Management LLP Lowers Stock Position in Cameco Co. (NYSE:CCJ)

Artemis Investment Management LLP decreased its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 36.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,514 shares of the basic materials company's stock after selling 115,881 shares during the quarter. Artemis Investment Management LLP's holdings in Cameco were worth $8,812,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCJ. Norges Bank bought a new stake in shares of Cameco in the 4th quarter worth $99,511,000. Rheos Capital Works Inc. bought a new stake in shares of Cameco in the 4th quarter worth $61,245,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cameco by 6.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company's stock worth $581,558,000 after buying an additional 869,404 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Cameco by 25.6% in the 4th quarter. National Bank of Canada FI now owns 4,180,221 shares of the basic materials company's stock worth $175,714,000 after buying an additional 850,704 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Cameco in the 4th quarter worth about $19,955,000. Institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CCJ shares. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. The Goldman Sachs Group boosted their price target on shares of Cameco from $56.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, June 7th. Finally, Bank of America boosted their price target on shares of Cameco from $59.00 to $60.50 and gave the stock a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $63.70.

Cameco Stock Performance

NYSE CCJ traded down $2.56 during trading on Friday, hitting $49.20. 3,771,863 shares of the company's stock traded hands, compared to its average volume of 2,773,855. The stock has a market capitalization of $21.41 billion, a price-to-earnings ratio of 126.15 and a beta of 0.93. Cameco Co. has a 12-month low of $29.17 and a 12-month high of $56.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. The business has a 50 day moving average of $51.41 and a 200-day moving average of $47.03.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.23). The business had revenue of $470.29 million for the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. As a group, equities research analysts anticipate that Cameco Co. will post 1.35 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.