ARK Investment Management LLC Has $10.18 Million Position in Cameco Co. (NYSE:CCJ)

ARK Investment Management LLC lessened its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 198,015 shares of the basic materials company’s stock after selling 7,218 shares during the period. ARK Investment Management LLC’s holdings in Cameco were worth $10,176,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Sprott Inc. increased its stake in Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after purchasing an additional 34,483 shares in the last quarter. Canton Hathaway LLC increased its stake in Cameco by 8.9% in the fourth quarter. Canton Hathaway LLC now owns 10,050 shares of the basic materials company’s stock valued at $516,000 after purchasing an additional 820 shares in the last quarter. Sterling Investment Advisors Ltd. bought a new stake in Cameco in the fourth quarter valued at approximately $249,000. EdgeRock Capital LLC increased its stake in Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 297 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Cameco by 17.5% in the fourth quarter. IFP Advisors Inc now owns 6,299 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 938 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Stock Up 0.6 %

Shares of CCJ stock opened at $43.55 on Wednesday. The firm has a fifty day moving average of $50.37 and a 200-day moving average of $49.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of 155.54 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts predict that Cameco Co. will post 1.27 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.