William Blair Investment Management LLC Sells 1,287,514 Shares of Cameco Co. (NYSE:CCJ)

William Blair Investment Management LLC decreased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 24.1% in the 4th quarter, according to its most recent 13F filing 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 period. William Blair Investment Management LLC’s holdings in Cameco were worth $208,661,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its position in Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after buying an additional 191 shares in the last quarter. Larson Financial Group LLC lifted its position in Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after buying an additional 226 shares in the last quarter. Heritage Wealth Management Inc. lifted its position in Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after buying an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after buying an additional 267 shares in the last quarter. Finally, EdgeRock Capital LLC lifted its position in Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after buying an additional 297 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Stock Up 1.5 %

Cameco stock opened at $42.44 on Monday. The stock has a market cap of $18.47 billion, a P/E ratio of 151.55 and a beta of 1.04. 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 Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company’s 50-day moving average price is $47.80 and its two-hundred day moving average price is $50.03.

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

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.