NTV Asset Management LLC Sells 28,608 Shares of Cameco Corporation $CCJ

NTV Asset Management LLC cut its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,869 shares of the basic materials company’s stock after selling 28,608 shares during the period. NTV Asset Management LLC’s holdings in Cameco were worth $4,563,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CCJ. TD Asset Management Inc raised its stake 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after purchasing an additional 2,071,373 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the last quarter. Mizuho Markets Cayman LP bought a new stake in shares of Cameco in the 3rd quarter worth about $128,370,000. Finally, Victory Capital Management Inc. increased its position in shares of Cameco by 75.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,489,424 shares of the basic materials company’s stock worth $208,490,000 after purchasing an additional 1,073,111 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 0.0%

Shares of NYSE CCJ opened at $112.52 on Friday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The firm’s 50-day simple moving average is $115.35 and its 200 day simple moving average is $100.75. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The company has a market cap of $49.01 billion, a price-to-earnings ratio of 116.00 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter last year, the company posted $0.36 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CCJ shares. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce raised their price target on Cameco to $202.00 in a report on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.40.

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.