Primecap Management Co. CA Trims Position in Cameco Co. (NYSE:CCJ)

Primecap Management Co. CA cut its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,418,700 shares of the basic materials company’s stock after selling 9,200 shares during the quarter. Primecap Management Co. CA’s holdings in Cameco were worth $61,146,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Principal Securities Inc. purchased a new stake in Cameco in the fourth quarter worth $29,000. Versant Capital Management Inc purchased a new stake in Cameco in the fourth quarter worth $34,000. Sandy Spring Bank purchased a new stake in Cameco in the fourth quarter worth $43,000. Blue Trust Inc. grew its stake in Cameco by 57.5% in the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 521 shares during the period. Finally, Anchor Investment Management LLC purchased a new stake in Cameco in the fourth quarter worth $106,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 price target on the stock. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco Stock Up 2.5 %

Shares of NYSE CCJ traded up $1.30 during trading on Friday, reaching $52.99. The company had a trading volume of 2,535,009 shares, compared to its average volume of 4,111,419. Cameco Co. has a 12-month low of $26.15 and a 12-month high of $54.93. The stock has a market cap of $23.03 billion, a PE ratio of 135.87 and a beta of 0.92. The business’s 50-day moving average is $48.15 and its 200 day moving average is $45.61. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The company had revenue of $470.29 million during the quarter. As a group, equities analysts forecast that Cameco Co. will post 1.38 earnings per share for the current fiscal year.

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.