Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its position in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 19.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,125,980 shares of the basic materials company’s stock after selling 274,400 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.28% of Cameco worth $16,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. First Republic Investment Management Inc. grew its stake in Cameco by 33.0% in the first quarter. First Republic Investment Management Inc. now owns 19,153 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 4,754 shares during the period. PNC Financial Services Group Inc. grew its stake in Cameco by 3.0% in the first quarter. PNC Financial Services Group Inc. now owns 166,373 shares of the basic materials company’s stock worth $1,512,000 after purchasing an additional 4,845 shares during the period. AMP Capital Investors Ltd grew its stake in Cameco by 2.2% in the second quarter. AMP Capital Investors Ltd now owns 244,229 shares of the basic materials company’s stock worth $2,746,000 after purchasing an additional 5,171 shares during the period. Guggenheim Capital LLC grew its stake in Cameco by 4.8% in the first quarter. Guggenheim Capital LLC now owns 113,451 shares of the basic materials company’s stock worth $1,030,000 after purchasing an additional 5,200 shares during the period. Finally, GWM Advisors LLC grew its stake in shares of Cameco by 19.5% in the first quarter. GWM Advisors LLC now owns 44,050 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 7,200 shares during the last quarter. 51.18% of the stock is currently owned by institutional investors.

CCJ has been the topic of a number of recent research reports. Royal Bank of Canada cut Cameco from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 22nd. TD Securities cut Cameco from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. BMO Capital Markets cut Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a research note on Thursday, July 26th. TheStreet cut Cameco from a “c” rating to a “d+” rating in a research note on Monday, July 30th. Finally, Zacks Investment Research cut Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.

NYSE CCJ opened at $9.67 on Friday. Cameco Corp has a 12 month low of $7.68 and a 12 month high of $12.19. The firm has a market capitalization of $3.84 billion, a PE ratio of 80.58 and a beta of 1.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.58 and a current ratio of 6.16.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, July 25th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Cameco had a positive return on equity of 1.61% and a negative net margin of 10.03%. The company had revenue of $333.00 million during the quarter, compared to analysts’ expectations of $392.80 million. During the same period in the prior year, the company posted ($0.11) earnings per share. The company’s revenue was down 29.1% on a year-over-year basis. equities analysts anticipate that Cameco Corp will post 0.02 earnings per share for the current year.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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