Alberta Investment Management Corp Lowers Position in Cameco Co. (NYSE:CCJ)

Alberta Investment Management Corp cut its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 822,768 shares of the basic materials company’s stock after selling 42,022 shares during the period. Alberta Investment Management Corp’s holdings in Cameco were worth $42,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. CIBC Asset Management Inc grew its holdings in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the period. Bridgewater Associates LP raised its position in shares of Cameco by 19.9% in the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after buying an additional 410,711 shares in the last quarter. Progeny 3 Inc. raised its position in Cameco by 7.5% during the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after purchasing an additional 159,200 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Cameco by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after purchasing an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after buying an additional 664,828 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 1.4 %

Shares of NYSE:CCJ opened at $47.87 on Wednesday. The stock’s 50-day moving average price is $51.59 and its 200-day moving average price is $49.59. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The stock has a market capitalization of $20.84 billion, a P/E ratio of 251.93 and a beta of 0.94. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

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.