CANADA LIFE ASSURANCE Co Reduces Position in Cameco Co. (NYSE:CCJ)

CANADA LIFE ASSURANCE Co trimmed its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 488,617 shares of the basic materials company’s stock after selling 140,474 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Cameco were worth $25,079,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fairfield Bush & CO. increased its position in shares of Cameco by 22.8% in the fourth quarter. Fairfield Bush & CO. now owns 29,734 shares of the basic materials company’s stock worth $1,528,000 after purchasing an additional 5,518 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Cameco by 3,057.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 643,535 shares of the basic materials company’s stock valued at $33,046,000 after purchasing an additional 623,154 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Cameco in the fourth quarter worth approximately $103,000. Marshall Wace LLP increased its stake in shares of Cameco by 25.4% in the fourth quarter. Marshall Wace LLP now owns 1,777,862 shares of the basic materials company’s stock worth $91,364,000 after buying an additional 359,794 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Cameco by 5.7% during the 4th quarter. NewEdge Advisors LLC now owns 115,579 shares of the basic materials company’s stock valued at $5,940,000 after buying an additional 6,284 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $41.12 on Friday. The company’s fifty day moving average price is $42.67 and its 200-day moving average price is $49.75. The stock has a market cap of $17.90 billion, a PE ratio of 146.84 and a beta of 1.04. 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 Co. has a 12 month low of $35.00 and a 12 month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 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 business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, equities analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on CCJ. Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They issued a “buy” rating on the stock. Sanford C. Bernstein began coverage on Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target for the company. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus price target of $70.03.

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.