Nuveen Asset Management LLC Sells 1,066,940 Shares of Cameco Co. (NYSE:CCJ)

Nuveen Asset Management LLC decreased its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 28.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,693,158 shares of the basic materials company's stock after selling 1,066,940 shares during the period. Nuveen Asset Management LLC owned 0.62% of Cameco worth $138,403,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CCJ. Sierra Ocean LLC purchased a new position in shares of Cameco during the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC bought a new position in Cameco during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new position in Cameco during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCJ shares. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. The Goldman Sachs Group began coverage on Cameco in a research note on Tuesday. They issued a "buy" rating and a $65.00 target price for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $70.53.

Cameco Stock Performance

Cameco stock traded up $1.22 during mid-day trading on Tuesday, reaching $52.40. 3,040,861 shares of the stock traded hands, compared to its average volume of 4,107,159. The stock has a market capitalization of $22.81 billion, a PE ratio of 187.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The business's 50-day moving average is $43.90 and its 200-day moving average is $48.81.

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