State of Wisconsin Investment Board Lowers Stock Holdings in Cameco Co. (NYSE:CCJ)

State of Wisconsin Investment Board decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 228,826 shares of the basic materials company’s stock after selling 19,700 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.06% of Cameco worth $3,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. Manning & Napier Group LLC lifted its stake in shares of Cameco by 329.2% during the 3rd quarter. Manning & Napier Group LLC now owns 7,811,875 shares of the basic materials company’s stock valued at $78,899,000 after buying an additional 5,991,645 shares in the last quarter. Kopernik Global Investors LLC lifted its stake in shares of Cameco by 14.4% during the 3rd quarter. Kopernik Global Investors LLC now owns 11,579,830 shares of the basic materials company’s stock valued at $116,956,000 after buying an additional 1,457,704 shares in the last quarter. Guardian Capital LP lifted its stake in shares of Cameco by 14.8% during the 3rd quarter. Guardian Capital LP now owns 6,290,239 shares of the basic materials company’s stock valued at $63,338,000 after buying an additional 811,670 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of Cameco by 816.7% during the 3rd quarter. Ninety One UK Ltd now owns 864,704 shares of the basic materials company’s stock valued at $8,734,000 after buying an additional 770,377 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in shares of Cameco by 16.0% during the 3rd quarter. Keybank National Association OH now owns 4,705,286 shares of the basic materials company’s stock valued at $47,523,000 after buying an additional 647,962 shares in the last quarter. Institutional investors own 60.24% of the company’s stock.

Several analysts have commented on CCJ shares. Royal Bank of Canada cut shares of Cameco from a “sector perform” rating to an “underperform” rating and set a $16.00 price target on the stock. in a research note on Wednesday, December 16th. Raymond James boosted their price target on shares of Cameco from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 15th. Scotiabank boosted their price target on shares of Cameco from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. Bank of America cut shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Thursday, February 11th. Finally, BMO Capital Markets boosted their price target on shares of Cameco from $18.50 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, February 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Cameco presently has an average rating of “Hold” and an average target price of $19.17.

Cameco stock opened at $16.32 on Tuesday. The company’s 50-day moving average price is $14.14 and its 200-day moving average price is $11.59. Cameco Co. has a twelve month low of $5.30 and a twelve month high of $17.18. The company has a quick ratio of 3.00, a current ratio of 4.78 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.47 billion, a PE ratio of -1,632,000.00 and a beta of 0.97.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, February 9th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. The firm had revenue of $550.00 million for the quarter, compared to the consensus estimate of $395.88 million. Cameco had a negative net margin of 0.09% and a negative return on equity of 0.34%. The business’s quarterly revenue was down 36.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. As a group, sell-side analysts expect that Cameco Co. will post -0.17 earnings per share for the current fiscal year.

Cameco Company Profile

Cameco Corporation produces and sells uranium. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium property is the Cigar Lake property located in Saskatchewan, Canada.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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