Lansforsakringar Fondforvaltning AB publ Grows Holdings in Cameco Corporation $CCJ

Lansforsakringar Fondforvaltning AB publ lifted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 98,795 shares of the basic materials company’s stock after purchasing an additional 11,701 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Cameco were worth $8,293,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC boosted its position in shares of 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 buying an additional 2,975 shares during the period. AQR Capital Management LLC increased its stake in Cameco by 16.6% during the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 1,361 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Cameco by 11.9% in the first 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 valued at $24,895,000 after purchasing an additional 64,512 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Cameco in the second quarter valued at approximately $267,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. National Bank Financial reissued an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. UBS Group assumed coverage on Cameco in a research note on Monday, November 10th. They issued a “neutral” rating and a $140.00 price objective for the company. Finally, Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.03.

Cameco Trading Down 2.2%

CCJ opened at $118.63 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. Cameco Corporation has a one year low of $35.00 and a one year high of $135.24. The company has a market cap of $51.67 billion, a P/E ratio of 122.30 and a beta of 0.99. The business’s 50-day simple moving average is $109.36 and its 200-day simple moving average is $93.81.

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

About Cameco

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.