Cameco Co. (NYSE:CCJ) Shares Sold by Windmill Hill Asset Management Ltd

Windmill Hill Asset Management Ltd cut its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 58.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,183 shares of the basic materials company's stock after selling 19,604 shares during the quarter. Cameco accounts for 0.2% of Windmill Hill Asset Management Ltd's holdings, making the stock its 17th largest holding. Windmill Hill Asset Management Ltd's holdings in Cameco were worth $729,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Polar Asset Management Partners Inc. raised its position in shares of Cameco by 337.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 98,376 shares of the basic materials company's stock worth $5,055,000 after acquiring an additional 75,876 shares in the last quarter. Hall Capital Management Co. Inc. acquired a new stake in shares of Cameco in the 4th quarter valued at approximately $204,000. Ameriflex Group Inc. purchased a new stake in shares of Cameco during the 4th quarter worth $40,000. Jupiter Wealth Management LLC acquired a new position in Cameco during the fourth quarter worth about $514,000. Finally, Formidable Asset Management LLC increased its holdings in Cameco by 13.4% in the fourth quarter. Formidable Asset Management LLC now owns 18,756 shares of the basic materials company's stock valued at $964,000 after buying an additional 2,215 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average price target of $70.53.

Cameco Stock Down 2.2%

Cameco stock traded down $1.30 during midday trading on Thursday, hitting $59.11. 7,182,592 shares of the stock were exchanged, compared to its average volume of 4,218,151. Cameco Co. has a 1 year low of $35.00 and a 1 year 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 firm has a market cap of $25.73 billion, a P/E ratio of 211.11 and a beta of 0.89. The company has a 50 day moving average price of $45.72 and a two-hundred day moving average price of $49.07.

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 business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter last year, the firm posted $0.13 EPS. The company's revenue was up 24.4% compared to the same quarter last year. On average, sell-side analysts predict that Cameco Co. will post 1.27 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.