William Blair Investment Management LLC Lowers Stake in Cameco Co. (NYSE:CCJ)

William Blair Investment Management LLC decreased its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,060,351 shares of the basic materials company's stock after selling 1,287,514 shares during the period. William Blair Investment Management LLC owned approximately 0.93% of Cameco worth $208,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dantai Capital Ltd increased its holdings in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock worth $2,735,000 after buying an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new stake in Cameco during the fourth quarter valued at about $895,000. Whalen Wealth Management Inc. bought a new stake in Cameco during the fourth quarter worth about $445,000. Sprott Inc. boosted its holdings in shares of Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock worth $5,750,000 after purchasing an additional 34,483 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Cameco during the 3rd quarter valued at about $5,305,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Down 0.5 %

Shares of CCJ traded down $0.24 during mid-day trading on Friday, hitting $44.62. 2,990,101 shares of the company's stock traded hands, compared to its average volume of 4,086,368. The business's 50-day moving average price is $47.13 and its 200-day moving average price is $49.99. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The firm has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. 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 announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. As a group, sell-side analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CCJ. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Glj Research increased their target price on shares of 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 reissued an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Cameco presently has a consensus rating of "Buy" and a consensus price target 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.