Intech Investment Management LLC Trims Holdings in Cameco Corporation $CCJ

Intech Investment Management LLC decreased its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,820 shares of the basic materials company’s stock after selling 138,879 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Cameco worth $33,174,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Cameco by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after buying an additional 258,193 shares during the period. Capital World Investors increased its stake in Cameco by 0.8% in the 3rd quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock valued at $1,133,147,000 after buying an additional 106,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after buying an additional 85,762 shares during the period. Van ECK Associates Corp increased its stake in Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after buying an additional 1,644,061 shares during the period. Finally, TD Asset Management Inc increased its stake in Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after buying an additional 2,489,207 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

NYSE:CCJ opened at $110.83 on Friday. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a fifty-two week low of $57.63 and a fifty-two week high of $135.24. The stock has a market cap of $48.27 billion, a PE ratio of 102.62, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04. The firm’s fifty day simple moving average is $112.93 and its 200-day simple moving average is $107.62.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCJ has been the topic of several recent research reports. Barclays initiated coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective on the stock. Weiss Ratings cut shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. William Blair initiated coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Finally, TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.