ArrowMark Colorado Holdings LLC Decreases Stake in Cameco Corporation $CCJ

ArrowMark Colorado Holdings LLC reduced its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 41.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,789 shares of the basic materials company’s stock after selling 106,500 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Cameco were worth $12,477,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCJ. Vanguard Group Inc. increased its holdings in shares of Cameco by 1.3% in the third quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company’s stock valued at $1,493,978,000 after purchasing an additional 235,613 shares during the period. Capital World Investors boosted its holdings in shares of Cameco by 0.8% in the 3rd quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock valued at $1,133,147,000 after acquiring an additional 106,872 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Cameco by 41.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after purchasing an additional 2,071,373 shares during the period. Van ECK Associates Corp lifted its position in Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after purchasing an additional 1,644,061 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Cameco by 116.7% in the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after purchasing an additional 2,489,207 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce boosted their price objective on Cameco to $202.00 in a report on Monday, March 9th. Royal Bank Of Canada lifted their target price on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price target on shares of Cameco in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Finally, Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.40.

Cameco Stock Performance

CCJ opened at $107.92 on Monday. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $135.24. The firm has a market capitalization of $47.00 billion, a PE ratio of 111.26 and a beta of 0.98. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $116.55 and its 200 day moving average price is $97.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Cameco’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect 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.