Bessemer Group Inc. Has $1.40 Million Holdings in Cameco Co. (NYSE:CCJ)

Bessemer Group Inc. cut its stake in Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 56.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,705 shares of the basic materials company’s stock after selling 81,599 shares during the period. Bessemer Group Inc.’s holdings in Cameco were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. Crewe Advisors LLC raised its holdings in shares of Cameco by 1,175.8% in the 4th quarter. Crewe Advisors LLC now owns 1,263 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,164 shares during the period. Larson Financial Group LLC boosted its position in shares of Cameco by 46.0% during the 4th quarter. Larson Financial Group LLC now owns 1,910 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 602 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Cameco by 61.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 650 shares in the last quarter. Platinum Investment Management Ltd. acquired a new stake in shares of Cameco during the 3rd quarter worth approximately $81,000. Finally, Parallel Advisors LLC boosted its position in shares of Cameco by 12.4% during the 4th quarter. Parallel Advisors LLC now owns 3,889 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 429 shares in the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCJ. TD Securities increased their price target on shares of Cameco from C$50.00 to C$51.00 in a research report on Monday, May 1st. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Raymond James raised their target price on shares of Cameco to C$50.00 in a research report on Monday, May 1st.

Cameco Stock Performance

Shares of Cameco stock opened at $30.76 on Friday. Cameco Co. has a fifty-two week low of $20.34 and a fifty-two week high of $31.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 7.75 and a quick ratio of 6.64. The firm has a market capitalization of $13.32 billion, a P/E ratio of 106.07, a P/E/G ratio of 0.62 and a beta of 0.95. The company’s 50 day moving average price is $27.24 and its two-hundred day moving average price is $25.95.

Cameco Company Profile

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Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.