Nwam LLC Sells 9,477 Shares of Cameco Corporation $CCJ

Nwam LLC reduced its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 69,113 shares of the basic materials company’s stock after selling 9,477 shares during the quarter. Nwam LLC’s holdings in Cameco were worth $7,040,000 as of its most recent filing with the Securities and Exchange Commission.

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

Cameco Stock Performance

Shares of NYSE:CCJ opened at $98.75 on Tuesday. Cameco Corporation has a 12-month low of $73.20 and a 12-month high of $135.24. The company’s 50 day moving average price is $95.84 and its two-hundred day moving average price is $106.84. The firm has a market cap of $43.01 billion, a PE ratio of 167.37, a PEG ratio of 1.71 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14.

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

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research reports. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Bank of America cut their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Royal Bank Of Canada boosted their price objective on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Barclays decreased their target price on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.68.

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.