Titleist Asset Management LLC Sells 20,891 Shares of Cameco Corporation $CCJ

Titleist Asset Management LLC reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 56.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,214 shares of the basic materials company’s stock after selling 20,891 shares during the period. Titleist Asset Management LLC’s holdings in Cameco were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Cameco during the 2nd quarter worth approximately $341,736,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Cameco by 41.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock worth $524,988,000 after purchasing an additional 2,071,373 shares during the period. Acadian Asset Management LLC grew its stake in shares of Cameco by 1,428.6% in the second quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after purchasing an additional 914,300 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in Cameco in the second quarter valued at $66,781,000. Finally, Fullerton Fund Management Co Ltd. raised its position in Cameco by 3,586.0% during the 2nd quarter. Fullerton Fund Management Co Ltd. now owns 762,380 shares of the basic materials company’s stock worth $56,591,000 after purchasing an additional 741,697 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE:CCJ opened at $109.12 on Friday. The firm has a market capitalization of $47.52 billion, a P/E ratio of 126.88 and a beta of 0.99. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $135.24. The company has a fifty day moving average of $103.20 and a 200-day moving average of $90.27. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The company had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. During the same quarter in the prior year, the company posted ($0.01) EPS. Cameco’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CCJ shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 price target on shares of Cameco in a research report on Wednesday. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Royal Bank Of Canada lowered their price target on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. UBS Group initiated coverage on shares of Cameco in a research note on Monday, November 10th. They issued a “neutral” rating and a $140.00 price objective on the stock. Finally, Glj Research restated a “buy” rating and issued a $99.74 target price on shares of Cameco in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and an average price target of $131.39.

Cameco 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.