First Hawaiian Bank Buys 490 Shares of Cameco Co. (NYSE:CCJ)

First Hawaiian Bank increased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,763 shares of the basic materials company’s stock after buying an additional 490 shares during the period. First Hawaiian Bank’s holdings in Cameco were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in shares of Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 400 shares during the period. LRI Investments LLC bought a new position in Cameco in the first quarter worth $26,000. Principal Securities Inc. bought a new position in Cameco in the fourth quarter worth $29,000. Sandy Spring Bank purchased a new position in Cameco during the fourth quarter valued at $43,000. Finally, Lindbrook Capital LLC grew its position in shares of Cameco by 26.0% in the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after buying an additional 221 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CCJ shares. The Goldman Sachs Group lifted their price target on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, Bank of America upped their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.

Cameco Stock Up 4.7 %

Shares of NYSE CCJ traded up $1.75 during midday trading on Tuesday, hitting $38.65. The stock had a trading volume of 6,152,364 shares, compared to its average volume of 4,430,654. The business’s 50 day moving average is $49.95 and its 200-day moving average is $47.54. Cameco Co. has a 52 week low of $32.89 and a 52 week high of $56.24. The company has a quick ratio of 0.69, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The company has a market cap of $16.82 billion, a P/E ratio of 97.41 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. As a group, analysts predict that Cameco Co. will post 1.06 EPS for the current year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.