Cameco Corporation $CCJ Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,994 shares of the basic materials company’s stock after selling 825 shares during the quarter. Park Avenue Securities LLC’s holdings in Cameco were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Country Club Bank boosted its holdings in Cameco by 0.5% in the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company’s stock valued at $1,822,000 after purchasing an additional 224 shares during the period. Two Sigma Investments LP boosted its holdings in Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after purchasing an additional 238 shares during the period. Sunpointe LLC boosted its holdings in Cameco by 1.8% in the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company’s stock valued at $670,000 after purchasing an additional 288 shares during the period. Manchester Capital Management LLC boosted its holdings in Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Finally, MinichMacGregor Wealth Management LLC boosted its holdings in Cameco by 5.0% in the first quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 304 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. National Bankshares reiterated an “outperform” rating on shares of Cameco in a report on Friday, August 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a report on Friday, August 29th. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. TD Securities reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Finally, CLSA started coverage on Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $89.55.

Cameco Stock Down 0.2%

Cameco stock opened at $85.52 on Monday. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $89.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The company has a market capitalization of $37.23 billion, a P/E ratio of 98.30 and a beta of 1.04. The stock has a 50-day simple moving average of $78.17 and a 200-day simple moving average of $63.08.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. During the same period in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Company Profile

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.