Stanley Laman Group Ltd. Sells 9,535 Shares of Cameco Co. (NYSE:CCJ)

Stanley Laman Group Ltd. cut its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,410 shares of the basic materials company’s stock after selling 9,535 shares during the period. Cameco accounts for approximately 1.8% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 4th largest holding. Stanley Laman Group Ltd. owned 0.06% of Cameco worth $12,129,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCJ. FMR LLC grew its stake in shares of Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after purchasing an additional 4,865,085 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cameco by 74.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after buying an additional 2,442,190 shares in the last quarter. Platinum Investment Management Ltd. boosted its stake in Cameco by 156.3% during the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after buying an additional 1,884,004 shares in the last quarter. Rheos Capital Works Inc. bought a new position in Cameco during the fourth quarter valued at about $61,245,000. Finally, Lord Abbett & CO. LLC bought a new position in Cameco during the third quarter valued at about $46,585,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ stock traded up $0.42 during trading on Thursday, reaching $49.18. The company had a trading volume of 2,029,548 shares, compared to its average volume of 5,068,923. The company has a market capitalization of $21.35 billion, a PE ratio of 81.97 and a beta of 0.92. The firm’s 50 day simple moving average is $44.28 and its two-hundred day simple moving average is $43.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. Cameco Co. has a one year low of $25.72 and a one year high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Sell-side analysts forecast that Cameco Co. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

CCJ has been the subject of several research reports. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

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.