OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $653,000 Position in Cameco Corporation $CCJ

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 84.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,138 shares of the basic materials company’s stock after selling 40,027 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cameco were worth $653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Cameco during the fourth quarter worth about $443,265,000. TD Asset Management Inc raised its holdings in Cameco by 116.7% during the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $388,068,000 after acquiring an additional 2,489,207 shares in the last quarter. Marshall Wace LLP raised its holdings in Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after acquiring an additional 1,729,454 shares in the last quarter. Van ECK Associates Corp raised its holdings in Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after acquiring an additional 1,644,061 shares in the last quarter. Finally, Mizuho Markets Cayman LP bought a new stake in Cameco during the third quarter worth about $128,370,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 5.9%

Shares of CCJ stock opened at $106.97 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The stock has a market cap of $46.59 billion, a price-to-earnings ratio of 99.04, a PEG ratio of 1.71 and a beta of 0.99. Cameco Corporation has a 52-week low of $67.60 and a 52-week high of $135.24. The firm’s 50-day moving average is $113.01 and its 200-day moving average is $109.41.

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 analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter in the prior year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts predict that Cameco Corporation will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

CCJ has been the topic of several analyst reports. Glj Research reiterated a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Royal Bank Of Canada upped their target price on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. William Blair assumed coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Finally, TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus price target of $147.42.

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.