Scout Investments Inc. Lowers Holdings in Cameco Co. (NYSE:CCJ)

Scout Investments Inc. reduced its stake in Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 22.9% during the fourth quarter, HoldingsChannel reports. The fund owned 404,068 shares of the basic materials company’s stock after selling 119,792 shares during the period. Scout Investments Inc.’s holdings in Cameco were worth $17,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Cameco by 21.6% in the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after acquiring an additional 4,865,085 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.5% during the third quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock valued at $616,343,000 after purchasing an additional 236,212 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cameco by 6.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock valued at $581,558,000 after buying an additional 869,404 shares during the last quarter. Morgan Stanley increased its holdings in Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after buying an additional 428,310 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Cameco by 74.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock worth $227,365,000 after buying an additional 2,442,190 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCJ has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group lifted their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco has a consensus rating of “Moderate Buy” and a consensus target price of $64.50.

Check Out Our Latest Stock Report on CCJ

Cameco Stock Performance

Shares of NYSE:CCJ traded down $2.07 during trading on Friday, hitting $53.40. The company’s stock had a trading volume of 2,169,462 shares, compared to its average volume of 3,264,389. The company has a 50-day moving average of $50.52 and a 200-day moving average of $46.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 136.92 and a beta of 0.93. Cameco Co. has a 12 month low of $29.17 and a 12 month high of $56.24.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.23). The company had revenue of $470.29 million during the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. On average, sell-side analysts expect that Cameco Co. will post 1.38 earnings per share for the current year.

About Cameco

(Free Report)

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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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