Rheos Capital Works Inc. Has $58.92 Million Position in Cameco Co. (NYSE:CCJ)

Rheos Capital Works Inc. trimmed its position in Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 4.3% in the first quarter, Holdings Channel reports. The fund owned 1,360,000 shares of the basic materials company’s stock after selling 61,000 shares during the quarter. Cameco accounts for 2.8% of Rheos Capital Works Inc.’s portfolio, making the stock its 7th largest holding. Rheos Capital Works Inc.’s holdings in Cameco were worth $58,915,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Cameco by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 15,711,083 shares of the basic materials company’s stock valued at $677,148,000 after acquiring an additional 162,569 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Cameco by 6.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock worth $581,558,000 after purchasing an additional 869,404 shares during the last quarter. Morgan Stanley raised 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 worth $307,300,000 after purchasing an additional 428,310 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Cameco by 74.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock worth $227,365,000 after purchasing an additional 2,442,190 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in Cameco by 0.6% during the 3rd quarter. Bank of Nova Scotia now owns 4,551,776 shares of the basic materials company’s stock worth $180,597,000 after purchasing an additional 28,224 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group raised their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.50.

Read Our Latest Analysis on CCJ

Cameco Stock Down 1.2 %

Shares of CCJ traded down $0.65 during trading hours on Friday, hitting $51.57. The stock had a trading volume of 2,207,595 shares, compared to its average volume of 2,744,821. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $51.20 and a 200-day simple moving average of $46.86. The firm has a market capitalization of $22.41 billion, a P/E ratio of 132.23 and a beta of 0.93. Cameco Co. has a 1-year low of $29.17 and a 1-year high of $56.24.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last issued its earnings results 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 firm had revenue of $470.29 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. Sell-side analysts predict that Cameco Co. will post 1.38 EPS for the current fiscal year.

Cameco Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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