William Blair Investment Management LLC Lowers Stock Position in Cameco Corporation $CCJ

William Blair Investment Management LLC reduced its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 24.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,980,827 shares of the basic materials company’s stock after selling 657,206 shares during the period. William Blair Investment Management LLC’s holdings in Cameco were worth $181,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Legacy Bridge LLC lifted its position in shares of Cameco by 0.9% during the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after buying an additional 100 shares in the last quarter. S.A. Mason LLC lifted its holdings in Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Cameco by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 112 shares in the last quarter. Midwest Trust Co lifted its holdings in Cameco by 4.8% in the 4th quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 116 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Cameco by 3.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 120 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CCJ shares. Glj Research reissued a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce boosted their price target on Cameco to $202.00 in a report on Monday, March 9th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Down 0.6%

NYSE CCJ opened at $104.71 on Friday. The stock has a market cap of $45.61 billion, a PE ratio of 96.96, a P/E/G ratio of 1.77 and a beta of 1.04. Cameco Corporation has a 12 month low of $55.11 and a 12 month high of $135.24. The stock’s 50 day moving average is $113.20 and its 200 day moving average is $107.18. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

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

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.