UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 166,426 Shares of Cameco Co. (NYSE:CCJ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 540,329 shares of the basic materials company's stock after selling 166,426 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Cameco worth $27,768,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. FMR LLC increased its holdings in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after buying an additional 190,337 shares during the period. Vanguard Group Inc. grew its stake in shares of Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after purchasing an additional 270,102 shares during the last quarter. Alliancebernstein L.P. raised its stake in Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after buying an additional 1,196,336 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Cameco in the 4th quarter worth about $188,595,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Sanford C. Bernstein assumed coverage on shares of Cameco in a report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. Finally, Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $70.53.

Cameco Stock Performance

Shares of NYSE:CCJ traded down $0.65 during midday trading on Friday, hitting $58.50. The company had a trading volume of 5,329,166 shares, compared to its average volume of 4,227,344. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The company has a fifty day moving average of $45.99 and a two-hundred day moving average of $49.12. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 208.93 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 (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data 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). The company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, equities research analysts expect 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.