Lansforsakringar Fondforvaltning AB publ Takes $4.84 Million Position in Cameco Co. (NYSE:CCJ)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 94,208 shares of the basic materials company's stock, valued at approximately $4,839,000.

A number of other institutional investors have also recently bought and sold shares of CCJ. Norges Bank bought a new position in Cameco in the 4th quarter valued at $188,595,000. FMR LLC raised its holdings in shares of Cameco by 8.7% during 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 in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after buying an additional 1,225,966 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after buying an additional 1,196,336 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after purchasing an additional 1,193,266 shares during the period. Institutional investors own 70.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Desjardins initiated coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco has an average rating of "Buy" and an average target price of $70.53.

Cameco Trading Down 1.1%

CCJ traded down $0.65 during trading hours on Friday, reaching $58.50. The company's stock had a trading volume of 5,411,440 shares, compared to its average volume of 4,230,533. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The stock has a market cap of $25.47 billion, a PE ratio of 208.93 and a beta of 0.89. The business's 50-day moving average is $46.27 and its 200-day moving average is $49.15. 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 (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 analysts' consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. As a group, equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.