NZS Capital LLC Sells 354,141 Shares of Cameco Co. (NYSE:CCJ)

NZS Capital LLC decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 51.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,981 shares of the basic materials company’s stock after selling 354,141 shares during the period. NZS Capital LLC’s holdings in Cameco were worth $17,009,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Cameco by 8.7% during 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 purchasing an additional 1,811,876 shares during the last quarter. Vanguard Group Inc. grew its position in 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 acquiring an additional 270,102 shares in the last quarter. Alliancebernstein L.P. increased its stake in Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Norges Bank purchased a new stake in Cameco during the fourth quarter valued at approximately $188,595,000. Finally, AGF Management Ltd. lifted its stake in shares of Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CCJ shares. Desjardins began coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Sanford C. Bernstein started coverage on shares of Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and an average target price of $70.03.

Cameco Price Performance

CCJ opened at $44.01 on Friday. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 157.18 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 Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The business’s fifty day simple moving average is $42.05 and its 200-day simple moving average is $49.43.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share 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.