State of Tennessee Treasury Department lessened its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,682,266 shares of the basic materials company’s stock after selling 8,750 shares during the period. State of Tennessee Treasury Department owned approximately 0.43% of Cameco worth $12,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CCJ. Credit Suisse AG grew its stake in Cameco by 106.7% in the 4th quarter. Credit Suisse AG now owns 943,221 shares of the basic materials company’s stock worth $8,395,000 after buying an additional 486,905 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Cameco by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 162,902 shares of the basic materials company’s stock worth $1,244,000 after buying an additional 1,965 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cameco by 0.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,141,795 shares of the basic materials company’s stock worth $8,723,000 after buying an additional 8,360 shares in the last quarter. Swiss National Bank grew its stake in Cameco by 11.7% in the 1st quarter. Swiss National Bank now owns 1,552,200 shares of the basic materials company’s stock worth $11,625,000 after buying an additional 162,200 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in Cameco in the 4th quarter worth approximately $111,000. 58.88% of the stock is currently owned by institutional investors and hedge funds.

CCJ traded down $0.18 during trading on Friday, hitting $9.75. 41,796 shares of the stock traded hands, compared to its average volume of 2,411,265. The firm has a market capitalization of $3.83 billion, a P/E ratio of 70.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.58 and a quick ratio of 4.56. The firm has a 50-day moving average of $10.31 and a 200 day moving average of $9.08. Cameco Corp has a 12-month low of $5.30 and a 12-month high of $11.26.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. The business had revenue of $346.00 million during the quarter, compared to analysts’ expectations of $283.00 million. Cameco had a net margin of 3.86% and a return on equity of 2.10%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. As a group, equities analysts predict that Cameco Corp will post -0.04 EPS for the current fiscal year.

A number of research firms have commented on CCJ. Scotiabank raised shares of Cameco to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, March 20th. Raymond James reaffirmed a “buy” rating and issued a $14.50 price objective on shares of Cameco in a research note on Thursday, April 9th. CIBC raised shares of Cameco from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 1st. ValuEngine cut shares of Cameco from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Zacks Investment Research raised shares of Cameco from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, May 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Cameco presently has an average rating of “Buy” and a consensus target price of $13.92.

About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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