ARK Investment Management LLC trimmed its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 11.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,233 shares of the basic materials company's stock after selling 27,268 shares during the period. ARK Investment Management LLC's holdings in Cameco were worth $9,802,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in Cameco during the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after purchasing an additional 238 shares during the period. JFS Wealth Advisors LLC grew its position in Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 550 shares in the last quarter. Larson Financial Group LLC increased its stake in Cameco by 99.3% in the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company's stock valued at $52,000 after buying an additional 600 shares during the period. Finally, Blue Trust Inc. lifted its position in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock worth $77,000 after buying an additional 642 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
NYSE CCJ opened at $53.59 on Friday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72. The company has a fifty day simple moving average of $48.03 and a 200 day simple moving average of $48.15. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The company has a market cap of $23.32 billion, a P/E ratio of 124.63 and a beta of 0.89.
A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 31st. Scotiabank lowered their price target on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Glj Research reiterated a "buy" rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $66.56.
Read Our Latest Analysis on CCJ
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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