Sumitomo Mitsui Trust Holdings Inc. Boosts Holdings in Cameco Co. (NYSE:CCJ)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,655,676 shares of the basic materials company’s stock after buying an additional 160,113 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.38% of Cameco worth $71,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley grew its position in Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after buying an additional 428,310 shares during the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter worth $3,956,000. Financial Insights Inc. purchased a new stake in shares of Cameco during the 3rd quarter worth $1,942,000. Vanguard Group Inc. boosted its position in shares of Cameco by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock worth $616,343,000 after purchasing an additional 236,212 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CCJ shares. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Bank of America boosted their target price on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.70.

Get Our Latest Research Report on CCJ

Cameco Trading Down 1.3 %

NYSE:CCJ opened at $49.91 on Friday. The company has a market capitalization of $21.71 billion, a PE ratio of 127.97 and a beta of 0.91. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco Co. has a 52-week low of $29.17 and a 52-week high of $56.24. The stock has a fifty day simple moving average of $51.57 and a 200-day simple moving average of $47.18.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.23). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The firm had revenue of $470.29 million during the quarter. On average, equities research analysts expect that Cameco Co. will post 1.35 earnings per share for the current fiscal year.

Cameco Company 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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