Stanley Laman Group Ltd. Has $12.06 Million Position in Cameco Co. (NYSE:CCJ)

Stanley Laman Group Ltd. lowered its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 234,744 shares of the basic materials company’s stock after selling 38,995 shares during the quarter. Cameco comprises 1.7% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 4th largest holding. Stanley Laman Group Ltd.’s holdings in Cameco were worth $12,063,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dantai Capital Ltd boosted its holdings in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after buying an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new stake in Cameco in the fourth quarter worth approximately $895,000. Whalen Wealth Management Inc. purchased a new stake in shares of Cameco during the fourth quarter valued at approximately $445,000. iA Global Asset Management Inc. purchased a new stake in shares of Cameco during the third quarter valued at approximately $5,305,000. Finally, Telemark Asset Management LLC boosted its stake in shares of Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ stock opened at $49.64 on Thursday. The stock has a fifty day moving average of $52.51 and a 200 day moving average of $49.47. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 261.28 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco 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.