Game Creek Capital LP Has $1.96 Million Holdings in Cameco Corporation $CCJ

Game Creek Capital LP trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 19.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,375 shares of the basic materials company’s stock after selling 5,500 shares during the quarter. Game Creek Capital LP’s holdings in Cameco were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CCJ. International Assets Investment Management LLC raised its stake in Cameco by 3.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock valued at $330,000 after purchasing an additional 120 shares during the last quarter. Lee Johnson Capital Management LLC boosted its holdings in Cameco by 1.2% in the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock valued at $903,000 after purchasing an additional 127 shares during the period. Versant Capital Management Inc grew its position in Cameco by 11.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 160 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Cameco by 4.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,758 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 160 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Cameco by 1.5% during the 3rd quarter. Huntington National Bank now owns 11,110 shares of the basic materials company’s stock worth $932,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of Cameco stock opened at $107.92 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. The firm’s 50-day simple moving average is $116.55 and its 200-day simple moving average is $97.63. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $135.24. The firm has a market cap of $47.00 billion, a P/E ratio of 111.26 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. As a group, research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on CCJ shares. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and set a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Glj Research reaffirmed a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Finally, Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and a consensus target price of $150.40.

Cameco Company 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.