Artemis Investment Management LLP Sells 115,881 Shares of Cameco Co. (NYSE:CCJ)

Artemis Investment Management LLP decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 36.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,514 shares of the basic materials company’s stock after selling 115,881 shares during the period. Artemis Investment Management LLP’s holdings in Cameco were worth $8,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Ausbil Investment Management Ltd acquired a new stake in shares of Cameco during the first quarter worth approximately $1,378,000. S.A. Mason LLC increased its holdings in shares of Cameco by 21.1% during the first quarter. S.A. Mason LLC now owns 3,191 shares of the basic materials company’s stock worth $138,000 after buying an additional 556 shares in the last quarter. Sunpointe LLC increased its holdings in shares of Cameco by 4.7% during the first quarter. Sunpointe LLC now owns 13,218 shares of the basic materials company’s stock worth $573,000 after buying an additional 591 shares in the last quarter. Thompson Investment Management Inc. increased its holdings in shares of Cameco by 16.5% during the first quarter. Thompson Investment Management Inc. now owns 6,515 shares of the basic materials company’s stock worth $282,000 after buying an additional 925 shares in the last quarter. Finally, Pacifica Partners Inc. increased its holdings in shares of Cameco by 17.9% during the first quarter. Pacifica Partners Inc. now owns 120,340 shares of the basic materials company’s stock worth $5,041,000 after buying an additional 18,273 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCJ. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Bank of America raised their price target on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Cameco Price Performance

CCJ opened at $49.19 on Friday. The company has a fifty day moving average price of $51.41 and a two-hundred day moving average price of $47.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. Cameco Co. has a 52 week low of $29.17 and a 52 week high of $56.24. The firm has a market capitalization of $21.40 billion, a PE ratio of 126.13 and a beta of 0.93.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The business had revenue of $470.29 million for the quarter. As a group, analysts anticipate that Cameco Co. will post 1.38 earnings per share for the current year.

Cameco Company 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.