SailingStone Capital Partners LLC Has $10.04 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

SailingStone Capital Partners LLC trimmed its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,267 shares of the basic materials company's stock after selling 78,066 shares during the period. Cameco comprises about 3.4% of SailingStone Capital Partners LLC's portfolio, making the stock its 10th largest position. SailingStone Capital Partners LLC's holdings in Cameco were worth $10,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Roberts Wealth Advisors LLC acquired a new stake in Cameco in the 4th quarter valued at approximately $895,000. Whalen Wealth Management Inc. acquired a new stake in Cameco in the 4th quarter valued at approximately $445,000. Sprott Inc. raised its position in Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after buying an additional 34,483 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Cameco in the 4th quarter valued at approximately $930,000. Finally, Principal Financial Group Inc. raised its position in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock valued at $12,774,000 after buying an additional 245,831 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ stock traded up $1.22 during trading on Tuesday, reaching $52.40. 3,040,861 shares of the company's stock were exchanged, compared to its average volume of 4,106,201. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $22.81 billion, a PE ratio of 187.14 and a beta of 0.89. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The firm's fifty day moving average price is $43.90 and its 200-day moving average price is $48.81.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm's revenue was up 24.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Desjardins initiated coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $70.53.

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.