Bridgewater Associates LP Sells 1,535,323 Shares of Cameco Co. (NYSE:CCJ)

Bridgewater Associates LP reduced its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 61.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 943,165 shares of the basic materials company’s stock after selling 1,535,323 shares during the quarter. Bridgewater Associates LP owned about 0.22% of Cameco worth $48,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Rossby Financial LCC bought a new stake in Cameco in the 4th quarter worth approximately $890,000. XTX Topco Ltd grew its holdings in Cameco by 41.4% in the 4th quarter. XTX Topco Ltd now owns 17,714 shares of the basic materials company’s stock worth $910,000 after acquiring an additional 5,182 shares during the last quarter. Mariner LLC increased its holdings in Cameco by 30.7% during the 4th quarter. Mariner LLC now owns 48,628 shares of the basic materials company’s stock valued at $2,499,000 after purchasing an additional 11,422 shares during the period. Synovus Financial Corp raised its holdings in shares of Cameco by 1.7% during the fourth quarter. Synovus Financial Corp now owns 130,378 shares of the basic materials company’s stock valued at $6,700,000 after acquiring an additional 2,241 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Cameco by 14.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 119,203 shares of the basic materials company’s stock worth $6,126,000 after purchasing an additional 14,833 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 1.1 %

Cameco stock opened at $41.28 on Tuesday. Cameco Co. has a one year low of $35.00 and a one year high of $62.55. The business’s fifty day moving average is $43.36 and its 200 day moving average is $49.97. The stock has a market capitalization of $17.97 billion, a PE ratio of 147.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, sell-side analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CCJ. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price target on the stock. Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price 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.