Caxton Associates LLP Sells 262,500 Shares of Cameco Corporation $CCJ

Caxton Associates LLP lowered its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 50.0% during the first quarter, Holdings Channel reports. The institutional investor owned 262,500 shares of the basic materials company’s stock after selling 262,500 shares during the quarter. Cameco comprises approximately 0.6% of Caxton Associates LLP’s investment portfolio, making the stock its 26th largest holding. Caxton Associates LLP’s holdings in Cameco were worth $28,510,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Clearstead Advisors LLC boosted its stake in Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after acquiring an additional 85 shares in the last quarter. Legacy Bridge LLC grew its holdings in Cameco by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after purchasing an additional 100 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Cameco by 3.1% during the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 107 shares in the last quarter. Groupama Asset Managment increased its position in shares of Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 108 shares in the last quarter. Finally, S.A. Mason LLC lifted its holdings in shares of Cameco by 4.8% during the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCJ shares. Royal Bank Of Canada boosted their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Bank of America decreased their price target on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Scotiabank restated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.18.

Cameco Trading Down 1.0%

NYSE:CCJ opened at $89.47 on Friday. The company has a market capitalization of $38.97 billion, a P/E ratio of 82.85, a PEG ratio of 1.43 and a beta of 1.02. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24. The firm has a fifty day simple moving average of $101.60 and a 200-day simple moving average of $110.66.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 EPS. On average, equities research analysts anticipate that Cameco Corporation will post 1.34 earnings per share for the current year.

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.