Nikko Asset Management Americas Inc. Decreases Stake in Cameco Co. (NYSE:CCJ)

Nikko Asset Management Americas Inc. decreased its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 602,222 shares of the basic materials company's stock after selling 30,038 shares during the quarter. Nikko Asset Management Americas Inc. owned about 0.14% of Cameco worth $25,956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of Cameco in the fourth quarter valued at about $29,000. Allworth Financial LP increased its stake in Cameco by 1,049.2% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 682 shares in the last quarter. Versant Capital Management Inc acquired a new position in Cameco during the fourth quarter worth $34,000. Sandy Spring Bank acquired a new stake in Cameco in the fourth quarter valued at $43,000. Finally, Blue Trust Inc. increased its position in shares of Cameco by 57.5% in the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company's stock valued at $57,000 after buying an additional 521 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Trading Up 6.4 %

Shares of NYSE:CCJ traded up $3.21 during trading on Friday, reaching $53.04. The stock had a trading volume of 5,675,759 shares, compared to its average volume of 4,923,788. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. The stock has a market cap of $23.03 billion, a P/E ratio of 136.03 and a beta of 0.92. The business has a fifty day moving average price of $46.69 and a 200-day moving average price of $45.08. Cameco Co. has a fifty-two week low of $26.15 and a fifty-two week high of $53.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. The Goldman Sachs Group began coverage on Cameco in a research report on Monday, April 1st. They set a "buy" rating and a $55.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cameco currently has an average rating of "Moderate Buy" and an average target price of $62.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.