Nikko Asset Management Americas Inc. Has $24.08 Million Holdings in Cameco Co. (NYSE:CCJ)

Nikko Asset Management Americas Inc. cut its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,574 shares of the basic materials company’s stock after selling 62,147 shares during the period. Nikko Asset Management Americas Inc. owned about 0.11% of Cameco worth $24,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Horizon Kinetics Asset Management LLC raised its holdings in shares of Cameco by 19.1% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 616,951 shares of the basic materials company’s stock worth $31,705,000 after buying an additional 99,123 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Cameco by 59.6% in the 4th quarter. Signaturefd LLC now owns 11,180 shares of the basic materials company’s stock worth $575,000 after buying an additional 4,175 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Cameco by 4.0% in the 4th quarter. Parallel Advisors LLC now owns 9,932 shares of the basic materials company’s stock worth $510,000 after buying an additional 382 shares in the last quarter. Cibc World Markets Corp increased its holdings in Cameco by 183.5% during the 4th quarter. Cibc World Markets Corp now owns 91,000 shares of the basic materials company’s stock valued at $4,676,000 after purchasing an additional 58,900 shares in the last quarter. Finally, Patten & Patten Inc. TN increased its holdings in Cameco by 38.3% during the 4th quarter. Patten & Patten Inc. TN now owns 9,685 shares of the basic materials company’s stock valued at $498,000 after purchasing an additional 2,680 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 1.5 %

Shares of CCJ opened at $42.44 on Monday. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 151.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The business’s fifty day moving average price is $47.80 and its two-hundred day moving average price is $50.03. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results 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 return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCJ. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Finally, Glj Research raised 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. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $73.64.

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.