Cameco Corporation (NYSE:CCJ) Shares Sold by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd decreased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 50.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the basic materials company's stock after selling 8,000 shares during the period. Ausbil Investment Management Ltd's holdings in Cameco were worth $329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CCJ. Norges Bank bought a new stake in shares of Cameco in the 4th quarter worth approximately $188,595,000. FMR LLC raised its holdings in shares of Cameco by 8.7% during the fourth 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. Driehaus Capital Management LLC grew its holdings in Cameco by 120.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after buying an additional 1,225,966 shares in the last quarter. Alliancebernstein L.P. boosted its position in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the period. Finally, AGF Management Ltd. raised its stake in shares of Cameco by 54.2% during 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 in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 1.9%

Cameco stock opened at $68.33 on Monday. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $71.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 170.83 and a beta of 0.97. The company has a 50 day moving average price of $53.72 and a 200 day moving average price of $49.78.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly 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 for the quarter, compared to analysts' expectations of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. Research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent analyst reports. Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. The Goldman Sachs Group lifted their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Finally, Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $77.30.

Cameco 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.

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