Cameco Corporation $CCJ Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 55.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,398 shares of the basic materials company’s stock after buying an additional 8,710 shares during the quarter. Blair William & Co. IL’s holdings in Cameco were worth $2,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bison Wealth LLC boosted its position in Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after acquiring an additional 2,975 shares during the last quarter. AQR Capital Management LLC grew its stake in Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Cameco by 48.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cameco by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new position in Cameco in the 2nd quarter worth approximately $406,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CCJ shares. Canadian Imperial Bank of Commerce upped their price target on Cameco to $202.00 in a research report on Monday. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 target price on shares of Cameco in a research note on Thursday, February 5th. Royal Bank Of Canada increased their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Glj Research reaffirmed a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus price target of $150.40.

Cameco Stock Down 0.1%

Cameco stock opened at $115.25 on Friday. The stock’s 50 day moving average price is $116.36 and its 200 day moving average price is $97.40. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The company has a market cap of $50.20 billion, a PE ratio of 118.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.Cameco’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. On average, sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.