Themes Management Co LLC Invests $1.83 Million in Cameco Corporation $CCJ

Themes Management Co LLC acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 19,949 shares of the basic materials company’s stock, valued at approximately $1,827,000. Cameco comprises approximately 1.4% of Themes Management Co LLC’s portfolio, making the stock its 16th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC boosted 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 worth $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Cameco by 16.6% in the first 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 lifted its position in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after buying an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cameco by 11.9% during the first 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 worth $24,895,000 after buying an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund acquired a new position in Cameco during the second quarter worth $14,252,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $104.71 on Tuesday. Cameco Corporation has a 52-week low of $55.11 and a 52-week high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 96.96, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The business has a fifty day moving average of $112.99 and a two-hundred day moving average of $107.28.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, research analysts anticipate that Cameco Corporation will post 1.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce raised their target price on Cameco to $202.00 in a research note on Monday, March 9th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. William Blair initiated coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Glj Research reaffirmed a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.62.

About Cameco

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.