Cameco Co. (NYSE:CCJ) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC trimmed its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 57.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,045 shares of the basic materials company's stock after selling 33,159 shares during the period. Gotham Asset Management LLC's holdings in Cameco were worth $1,287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. Vanguard Group Inc. raised its stake in Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. increased its stake in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after purchasing an additional 1,196,336 shares during the period. Norges Bank acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $188,595,000. Finally, AGF Management Ltd. increased its stake in shares of Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after purchasing an additional 1,193,266 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Performance

NYSE:CCJ opened at $51.33 on Friday. The firm's 50-day moving average is $43.73 and its 200-day moving average is $48.88. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 183.33 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business's revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Glj Research increased their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein assumed coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has an average rating of "Buy" and an average price target of $70.03.

About Cameco

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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