Russell Investments Group Ltd. Cuts Stock Holdings in Cameco Co. (NYSE:CCJ)

Russell Investments Group Ltd. lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 137,102 shares of the basic materials company’s stock after selling 12,627 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cameco were worth $7,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Larson Financial Group LLC grew its holdings in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 226 shares during the period. Heritage Wealth Management Inc. increased its holdings in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares during the period. EdgeRock Capital LLC boosted its holdings in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after buying an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE grew its position in Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Desjardins started coverage on Cameco in a research note on Friday, April 4th. They set a “buy” rating for the company. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $70.03.

Cameco Trading Up 5.5 %

Shares of NYSE CCJ opened at $40.81 on Monday. The stock has a fifty day simple moving average of $43.54 and a 200-day simple moving average of $50.01. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The stock has a market capitalization of $17.76 billion, a PE ratio of 145.74 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities analysts forecast 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.