The Manufacturers Life Insurance Company Sells 52,569 Shares of Cameco Co. (NYSE:CCJ)

The Manufacturers Life Insurance Company lowered its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,122,469 shares of the basic materials company's stock after selling 52,569 shares during the period. The Manufacturers Life Insurance Company owned 0.49% of Cameco worth $109,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CCJ. FMR LLC boosted its position in shares of Cameco by 8.7% in 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 acquiring an additional 1,811,876 shares during the period. Vanguard Group Inc. boosted its position 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 valued at $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. boosted its position in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the period. Norges Bank bought a new stake in shares of Cameco in the fourth quarter valued at about $188,595,000. Finally, AGF Management Ltd. boosted its position in shares of Cameco by 54.2% in 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 acquiring an additional 1,193,266 shares during the period. Institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

CCJ has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Finally, Desjardins assumed coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Cameco has an average rating of "Buy" and an average price target of $70.03.

Cameco Stock Performance

Cameco stock opened at $45.32 on Tuesday. The business has a 50 day moving average of $42.02 and a 200-day moving average of $49.38. Cameco Co. has a 1 year low of $35.00 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $19.73 billion, a P/E ratio of 161.86 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current 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.

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