Stanley Laman Group Ltd. Sells 9,535 Shares of Cameco Co. (NYSE:CCJ)

Stanley Laman Group Ltd. decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,410 shares of the basic materials company’s stock after selling 9,535 shares during the quarter. Cameco makes up about 1.8% of Stanley Laman Group Ltd.’s portfolio, making the stock its 4th biggest holding. Stanley Laman Group Ltd.’s holdings in Cameco were worth $12,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Cameco by 5.8% during the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after buying an additional 428,310 shares during the period. Guardian Capital LP boosted its holdings in shares of Cameco by 40.7% in the third quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock valued at $34,451,000 after acquiring an additional 250,115 shares during the period. Foster Victor Wealth Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $3,956,000. Financial Insights Inc. acquired a new stake in shares of Cameco in the third quarter valued at approximately $1,942,000. Finally, Platinum Investment Management Ltd. boosted its holdings in shares of Cameco by 156.3% in the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after acquiring an additional 1,884,004 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CCJ shares. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group began coverage on Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco Price Performance

Shares of CCJ stock traded up $0.42 during mid-day trading on Thursday, reaching $49.18. The stock had a trading volume of 2,029,548 shares, compared to its average volume of 5,068,923. Cameco Co. has a 12-month low of $25.72 and a 12-month high of $52.64. The company has a market cap of $21.35 billion, a P/E ratio of 81.97 and a beta of 0.92. The business has a 50-day simple moving average of $44.28 and a 200 day simple moving average of $43.85. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The firm had revenue of $620.00 million during the quarter. On average, sell-side analysts anticipate that Cameco Co. will post 1.55 earnings per share for the current year.

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.