Cameco Co. (NYSE:CCJ) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. lessened its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 31.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 860,000 shares of the basic materials company’s stock after selling 400,000 shares during the quarter. Cameco accounts for 2.1% of Rheos Capital Works Inc.’s holdings, making the stock its 7th biggest position. Rheos Capital Works Inc.’s holdings in Cameco were worth $41,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. Massachusetts Financial Services Co. MA acquired a new position in shares of Cameco in the second quarter valued at approximately $73,125,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Cameco during the first quarter worth $31,131,000. King Luther Capital Management Corp acquired a new position in Cameco during the second quarter worth $32,740,000. The Manufacturers Life Insurance Company boosted its holdings in Cameco by 28.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,987,526 shares of the basic materials company’s stock worth $97,653,000 after purchasing an additional 437,921 shares during the last quarter. Finally, Fred Alger Management LLC boosted its holdings in Cameco by 106.2% during the second quarter. Fred Alger Management LLC now owns 841,182 shares of the basic materials company’s stock worth $41,386,000 after purchasing an additional 433,234 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ stock opened at $55.77 on Thursday. The company has a fifty day moving average price of $43.70 and a two-hundred day moving average price of $47.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The stock has a market cap of $24.27 billion, a P/E ratio of 143.00 and a beta of 0.90. Cameco Co. has a one year low of $35.43 and a one year high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million for the quarter, compared to analyst estimates of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) EPS. As a group, equities analysts predict that Cameco Co. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CCJ shares. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Scotiabank reduced their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Bank of America increased their target price on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $66.56.

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.