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

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 84.9% during the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CCJ. Nisa Investment Advisors LLC acquired a new position in Cameco in the 4th quarter valued at about $25,000. Founders Capital Management acquired a new position in Cameco in the 4th quarter valued at about $27,000. Strategic Advocates LLC acquired a new position in Cameco in the 3rd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its stake in Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $106.97 on Tuesday. The company’s 50 day moving average price is $113.01 and its two-hundred day moving average price is $109.41. Cameco Corporation has a 12-month low of $67.60 and a 12-month high of $135.24. The firm has a market cap of $46.59 billion, a PE ratio of 99.04, a PEG ratio of 1.71 and a beta of 0.99. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Cameco Corporation will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

CCJ has been the topic of a number of research reports. William Blair initiated coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus 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.