Man Group plc reduced its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 51.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,272 shares of the basic materials company's stock after selling 91,234 shares during the quarter. Man Group plc's holdings in Cameco were worth $4,382,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Roberts Wealth Advisors LLC acquired a new position in Cameco in the 4th quarter valued at about $895,000. Whalen Wealth Management Inc. acquired a new position in Cameco in the 4th quarter valued at about $445,000. Sprott Inc. grew its position in Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after acquiring an additional 34,483 shares in the last quarter. Aigen Investment Management LP acquired a new position in Cameco in the 4th quarter valued at about $930,000. Finally, Plato Investment Management Ltd acquired a new position in Cameco in the 4th quarter valued at about $360,000. 70.21% of the stock is owned by institutional investors and hedge funds.
Cameco Price Performance
Cameco stock opened at $52.20 on Thursday. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a 50 day simple moving average of $44.31 and a 200-day simple moving average of $48.86. The stock has a market capitalization of $22.72 billion, a PE ratio of 186.41 and a beta of 0.89.
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 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same quarter last year, the company earned $0.13 EPS. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on CCJ shares. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. 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 company's stock. Based on data from MarketBeat, Cameco has an average rating of "Buy" and an average price target of $70.53.
View Our Latest Analysis on CCJ
Cameco Profile
(
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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