State of Wisconsin Investment Board reduced its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,655 shares of the basic materials company’s stock after selling 4,873 shares during the quarter. State of Wisconsin Investment Board owned about 0.09% of Cameco worth $4,212,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Global X Management Co. LLC lifted its position in shares of Cameco by 8.5% in the first quarter. Global X Management Co. LLC now owns 9,034,140 shares of the basic materials company’s stock valued at $82,055,000 after acquiring an additional 707,963 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Cameco by 39.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,327,039 shares of the basic materials company’s stock valued at $71,179,000 after acquiring an additional 1,779,069 shares in the last quarter. Exor Investments UK LLP lifted its position in shares of Cameco by 31.7% in the second quarter. Exor Investments UK LLP now owns 5,967,410 shares of the basic materials company’s stock valued at $67,133,000 after acquiring an additional 1,435,286 shares in the last quarter. CIBC World Markets Inc. lifted its position in shares of Cameco by 7.4% in the first quarter. CIBC World Markets Inc. now owns 5,116,709 shares of the basic materials company’s stock valued at $46,511,000 after acquiring an additional 353,761 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Cameco by 71.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,809,063 shares of the basic materials company’s stock valued at $42,826,000 after acquiring an additional 1,593,300 shares in the last quarter. Institutional investors and hedge funds own 51.24% of the company’s stock.

Several research firms recently weighed in on CCJ. ValuEngine upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. TD Securities downgraded Cameco from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Zacks Investment Research downgraded Cameco from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. BMO Capital Markets downgraded Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a research report on Thursday, July 26th. Finally, TheStreet downgraded Cameco from a “c” rating to a “d+” rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Cameco currently has an average rating of “Hold” and an average price target of $18.00.

NYSE CCJ opened at $10.30 on Friday. Cameco Corp has a twelve month low of $7.68 and a twelve month high of $12.19. The stock has a market cap of $4.12 billion, a P/E ratio of 85.83 and a beta of 1.09. The company has a current ratio of 6.16, a quick ratio of 3.58 and a debt-to-equity ratio of 0.31.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, July 25th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $392.80 million. During the same quarter last year, the company posted ($0.11) earnings per share. The business’s quarterly revenue was down 29.1% compared to the same quarter last year. equities analysts anticipate that Cameco Corp will post 0.26 EPS for the current year.

About Cameco

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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