S&CO Inc. Sells 161,145 Shares of Cameco Corporation $CCJ

S&CO Inc. decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,326 shares of the basic materials company’s stock after selling 161,145 shares during the quarter. Cameco accounts for 2.0% of S&CO Inc.’s portfolio, making the stock its 13th biggest holding. S&CO Inc. owned approximately 0.08% of Cameco worth $32,600,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CCJ. Northwestern Mutual Wealth Management Co. increased its stake in Cameco by 14,338.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock worth $101,744,000 after acquiring an additional 1,104,378 shares during the last quarter. Allworth Financial LP increased its stake in Cameco by 3.5% during the fourth quarter. Allworth Financial LP now owns 4,639 shares of the basic materials company’s stock worth $424,000 after acquiring an additional 155 shares during the last quarter. Knuff & Co LLC bought a new stake in Cameco during the fourth quarter worth approximately $69,000. Independent Advisor Alliance increased its stake in Cameco by 15.2% during the fourth quarter. Independent Advisor Alliance now owns 6,243 shares of the basic materials company’s stock worth $571,000 after acquiring an additional 823 shares during the last quarter. Finally, World Investment Advisors bought a new stake in Cameco during the fourth quarter worth approximately $455,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CCJ. The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce boosted their price objective on Cameco to $202.00 in a research note on Monday, March 9th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair began coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. Finally, Glj Research reissued a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.13.

Cameco Stock Down 4.4%

Shares of NYSE:CCJ opened at $107.58 on Friday. Cameco Corporation has a 1 year low of $50.03 and a 1 year high of $135.24. The business has a 50 day simple moving average of $114.26 and a two-hundred day simple moving average of $107.07. The firm has a market capitalization of $46.85 billion, a PE ratio of 99.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Cameco Corporation will post 1.32 EPS for the current year.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.