Equitable Holdings Inc. Makes New $1.91 Million Investment in Cameco Corporation $CCJ

Equitable Holdings Inc. purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,785 shares of the basic materials company’s stock, valued at approximately $1,913,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its stake in Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Mcguire Capital Advisors Inc. bought a new position in Cameco in the 4th quarter worth approximately $28,000. Sunbelt Securities Inc. increased its position in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares during the period. Sterling Capital Management LLC acquired a new position in shares of Cameco during the first quarter worth approximately $30,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after buying an additional 288 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Barclays reduced their price target on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Truist Financial upped their price objective on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.

Cameco Price Performance

Shares of NYSE:CCJ opened at $100.07 on Friday. The firm has a market capitalization of $43.58 billion, a PE ratio of 169.61, a PEG ratio of 1.82 and a beta of 1.05. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $73.20 and a 1-year high of $135.24. The business’s 50 day moving average is $96.00 and its 200-day moving average is $107.07.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The firm had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Sell-side analysts predict that Cameco Corporation will post 1.27 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.