ARK Investment Management LLC Has $10.18 Million Stake in Cameco Co. (NYSE:CCJ)

ARK Investment Management LLC decreased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 198,015 shares of the basic materials company’s stock after selling 7,218 shares during the period. ARK Investment Management LLC’s holdings in Cameco were worth $10,176,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its position in shares of Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 191 shares during the period. S.A. Mason LLC grew its position in shares of Cameco by 6.0% in the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 206 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares during the period. EdgeRock Capital LLC grew its position in shares of Cameco by 2.2% in the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after acquiring an additional 297 shares during the period. Finally, Highview Capital Management LLC DE grew its position in shares of Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Performance

Shares of CCJ stock opened at $43.55 on Wednesday. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of 155.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a 50-day simple moving average of $50.37 and a 200 day simple moving average of $49.89. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, sell-side analysts predict that Cameco Co. will post 1.27 earnings per share 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.