Marietta Investment Partners LLC Buys 11,755 Shares of Cameco Corporation $CCJ

Marietta Investment Partners LLC lifted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 430.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,485 shares of the basic materials company’s stock after purchasing an additional 11,755 shares during the quarter. Marietta Investment Partners LLC’s holdings in Cameco were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Bison Wealth LLC grew its holdings in shares of Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cameco by 11.9% during the 1st 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 last quarter. Finally, NewGen Equity Long Short Fund bought a new stake in shares of Cameco during the 2nd quarter valued at approximately $14,252,000. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CCJ. Barclays began coverage on shares of Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Weiss Ratings downgraded shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. Scotiabank reiterated an “outperform” rating and set a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.62.

Cameco Stock Performance

NYSE:CCJ opened at $114.81 on Thursday. The company has a fifty day moving average of $113.68 and a 200-day moving average of $108.30. The firm has a market capitalization of $50.00 billion, a P/E ratio of 106.31, a P/E/G ratio of 2.04 and a beta of 0.99. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a twelve month low of $59.10 and a twelve month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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 company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.31 EPS 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.