FNY Investment Advisers LLC Decreases Stock Position in Cameco Corporation $CCJ

FNY Investment Advisers LLC reduced its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 48.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the basic materials company’s stock after selling 10,500 shares during the period. FNY Investment Advisers LLC’s holdings in Cameco were worth $816,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock worth $703,295,000 after acquiring an additional 300,088 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after acquiring an additional 3,959,837 shares during the last quarter. AGF Management Ltd. raised its holdings in Cameco by 19.0% in the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock worth $166,206,000 after acquiring an additional 644,413 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Cameco by 15.1% in the 2nd quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company’s stock worth $287,217,000 after acquiring an additional 506,667 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Cameco by 20.6% in the 1st quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company’s stock worth $125,533,000 after acquiring an additional 521,492 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Down 3.7%

NYSE:CCJ opened at $82.75 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 95.12 and a beta of 0.99. Cameco Corporation has a one year low of $35.00 and a one year high of $97.79. The business has a fifty day moving average price of $81.46 and a 200-day moving average price of $68.15.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Friday, October 10th. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research note on Wednesday, October 8th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $89.55.

About Cameco

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.