Investment Management Corp of Ontario Reduces Stake in Cameco Co. (NYSE:CCJ)

Investment Management Corp of Ontario cut its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 73,889 shares of the basic materials company’s stock after selling 2,300 shares during the period. Investment Management Corp of Ontario’s holdings in Cameco were worth $3,797,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CCJ. Janus Henderson Group PLC grew its stake in Cameco by 153.1% in the 4th quarter. Janus Henderson Group PLC now owns 204,752 shares of the basic materials company’s stock valued at $10,521,000 after acquiring an additional 123,855 shares during the last quarter. Fullerton Fund Management Co Ltd. grew its position in shares of Cameco by 54.9% in the fourth quarter. Fullerton Fund Management Co Ltd. now owns 16,037 shares of the basic materials company’s stock valued at $824,000 after purchasing an additional 5,681 shares during the last quarter. Fiduciary Trust Co increased its stake in shares of Cameco by 2.1% during the 4th quarter. Fiduciary Trust Co now owns 20,868 shares of the basic materials company’s stock worth $1,072,000 after purchasing an additional 425 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Cameco by 1,283.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 196,205 shares of the basic materials company’s stock worth $10,083,000 after purchasing an additional 182,021 shares during the last quarter. Finally, FWL Investment Management LLC lifted its stake in Cameco by 5.4% in the 4th quarter. FWL Investment Management LLC now owns 106,596 shares of the basic materials company’s stock valued at $5,478,000 after buying an additional 5,502 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Up 3.1 %

Shares of CCJ opened at $50.76 on Friday. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The company’s fifty day moving average is $42.74 and its two-hundred day moving average is $48.93. The firm has a market cap of $22.10 billion, a PE ratio of 181.29 and a beta of 0.89. 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 (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Cameco’s revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. Analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CCJ shares. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They set a “buy” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein began coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Cameco has a consensus rating of “Buy” and a consensus price target 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.