Primecap Management Co. CA Sells 9,200 Shares of Cameco Co. (NYSE:CCJ)

Primecap Management Co. CA lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,418,700 shares of the basic materials company’s stock after selling 9,200 shares during the quarter. Primecap Management Co. CA owned approximately 0.33% of Cameco worth $61,146,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley increased its position in Cameco by 5.8% during the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after purchasing an additional 428,310 shares during the period. Guardian Capital LP increased its position in Cameco by 40.7% during the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock valued at $34,451,000 after purchasing an additional 250,115 shares during the period. Foster Victor Wealth Advisors LLC acquired a new stake in Cameco during the 4th quarter valued at approximately $3,956,000. Financial Insights Inc. acquired a new stake in Cameco during the 3rd quarter valued at approximately $1,942,000. Finally, Vanguard Group Inc. increased its position in Cameco by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock valued at $616,343,000 after purchasing an additional 236,212 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 2.5 %

Shares of CCJ stock traded up $1.30 during trading hours on Friday, hitting $52.99. 2,535,009 shares of the company were exchanged, compared to its average volume of 4,111,419. The firm has a market cap of $23.03 billion, a P/E ratio of 135.87 and a beta of 0.92. Cameco Co. has a fifty-two week low of $26.15 and a fifty-two week high of $54.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. The company has a 50 day simple moving average of $48.15 and a two-hundred day simple moving average of $45.61.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.23). The company had revenue of $470.29 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. Equities analysts anticipate that Cameco Co. will post 1.38 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CCJ shares. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.