William Blair Investment Management LLC Has $208.66 Million Position in Cameco Co. (NYSE:CCJ)

William Blair Investment Management LLC reduced its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,060,351 shares of the basic materials company’s stock after selling 1,287,514 shares during the quarter. William Blair Investment Management LLC owned about 0.93% of Cameco worth $208,661,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Old West Investment Management LLC grew its position in shares of Cameco by 10.4% in the third quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after purchasing an additional 26,584 shares during the last quarter. Principal Financial Group Inc. grew its position in Cameco by 1,138.1% during the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after buying an additional 245,831 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Cameco by 9.7% during the third quarter. Oppenheimer & Co. Inc. now owns 32,397 shares of the basic materials company’s stock worth $1,547,000 after buying an additional 2,859 shares in the last quarter. Huntington National Bank grew its position in Cameco by 8.2% during the third quarter. Huntington National Bank now owns 13,827 shares of the basic materials company’s stock worth $660,000 after buying an additional 1,045 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Cameco during the third quarter worth about $768,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

NYSE:CCJ opened at $42.44 on Monday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The firm has a 50 day moving average of $47.80 and a 200-day moving average of $50.03. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $18.47 billion, a P/E ratio of 151.55 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. As a group, sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of $73.64.

About Cameco

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.