William Blair Investment Management LLC Sells 657,206 Shares of Cameco Corporation $CCJ

William Blair Investment Management LLC trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 24.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,980,827 shares of the basic materials company’s stock after selling 657,206 shares during the quarter. William Blair Investment Management LLC owned about 0.45% of Cameco worth $181,226,000 at the end of the most recent reporting period.

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

Cameco Stock Down 0.6%

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

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on CCJ shares. William Blair started coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating for the company. Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. The Goldman Sachs Group restated a “buy” rating and set a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Scotiabank restated an “outperform” rating and set a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price target on shares of Cameco in a research note on Thursday, February 5th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $148.62.

Cameco Company 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.