NZS Capital LLC Has $17.01 Million Stock Position in Cameco Co. (NYSE:CCJ)

NZS Capital LLC reduced its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 51.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 330,981 shares of the basic materials company's stock after selling 354,141 shares during the period. NZS Capital LLC owned approximately 0.08% of Cameco worth $17,009,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CCJ. Sierra Ocean LLC bought a new position in shares of Cameco during the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Cameco during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC bought a new position in shares of Cameco during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco during the 4th quarter worth approximately $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

CCJ stock traded up $0.10 during midday trading on Tuesday, reaching $45.42. 2,707,957 shares of the company were exchanged, compared to its average volume of 4,089,480. 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 business has a 50-day moving average price of $42.01 and a two-hundred day moving average price of $49.35. Cameco Co. has a one year low of $35.00 and a one year high of $62.55. The firm has a market capitalization of $19.77 billion, a price-to-earnings ratio of 162.21 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data 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 net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. Equities research analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CCJ shares. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein started coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. Finally, Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. One 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 data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $70.03.

Cameco 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.