Cameco Co. (NYSE:CCJ) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,102 shares of the basic materials company's stock after selling 12,627 shares during the period. Russell Investments Group Ltd.'s holdings in Cameco were worth $7,042,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after purchasing an additional 270,102 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Norges Bank acquired a new position in shares of Cameco in the fourth quarter valued at approximately $188,595,000. AGF Management Ltd. lifted its stake in shares of Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after buying an additional 1,193,266 shares during the period. Finally, Wellington Management Group LLP boosted its position in Cameco by 35.9% during the fourth quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock worth $133,151,000 after acquiring an additional 685,145 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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Cameco Trading Down 1.2 %

NYSE CCJ traded down $0.50 during mid-day trading on Tuesday, hitting $40.81. The company's stock had a trading volume of 2,416,032 shares, compared to its average volume of 4,098,348. The firm has a market capitalization of $17.76 billion, a P/E ratio of 145.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The stock's fifty day simple moving average is $43.36 and its two-hundred day simple moving average is $49.97.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CCJ shares. Glj Research boosted their price target on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $70.03.

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.