Stanley Laman Group Ltd. Reduces Stake in Cameco Co.

Stanley Laman Group Ltd. has reduced its holdings in Cameco Co. (NYSE: CCJ, TSE: CCO) by 14.2% during the fourth quarter, based on the information provided in its latest filing with the Securities and Exchange Commission (SEC). Following this transaction, the firm now holds 234,744 shares of Cameco's stock after selling 38,995 shares recently. Cameco constitutes about 1.7% of Stanley Laman Group Ltd.'s investment portfolio, making it the fourth largest position for the firm. As of the most recent SEC filing, Stanley Laman Group Ltd. owned a stake in Cameco valued at approximately $12,063,000.

Institutional Investors in Cameco

Several other institutional investors have been active in buying and selling shares of Cameco recently. For example, CIBC Asset Management Inc. significantly increased its position in Cameco by 58.0% during the third quarter. As a result, CIBC now owns 3,777,866 shares worth about $181,382,000 after acquiring an additional 1,386,639 shares. Similarly, Bridgewater Associates LP raised its stake by 19.9%, now holding 2,478,488 shares valued at $118,386,000 after buying an extra 410,711 shares. Further, Progeny 3 Inc. increased its holdings by 7.5%, owning 2,268,132 shares valued at $108,326,000, after purchasing an additional 159,200 shares. The Manufacturers Life Insurance Company also grew its stake by 9.4%, bringing its total to 2,175,038 shares worth approximately $103,968,000 after a further acquisition of 187,512 shares. Meanwhile, Massachusetts Financial Services Co. MA expanded its position by 44.7%, now holding 2,151,105 shares valued at $102,737,000 after purchasing an additional 664,828 shares. Currently, institutional investors and hedge funds hold about 70.21% of Cameco's total shares.

Cameco's Current Share Performance

As for the company's stock performance, shares of Cameco (NYSE: CCJ) opened at $49.64 on Thursday. The shares reached a fifty-two week low of $35.43 and a high of $62.55. The current fifty-day moving average stands at $52.51, while the two-hundred-day moving average is $49.47. The company has maintained a debt-to-equity ratio of 0.20, with a current ratio of 2.88 and a quick ratio of 1.26. Currently, Cameco boasts a market capitalization of $21.61 billion, with a Price-to-Earnings (PE) ratio of 261.28 and a beta value of 0.94.

About Cameco Corp.

Cameco Corporation is engaged in providing uranium necessary for electricity generation. The company operates through various segments, including Uranium, Fuel Services, and Westinghouse. The Uranium segment focuses on exploring, mining, milling, purchasing, and selling uranium concentrate, while the Fuel Services segment is engaged in refining, converting, and fabricating uranium concentrate, as well as buying and selling conversion services.

Cameco, Investment, Shares