Kayne Anderson Capital Advisors LP Sells 27,729 Shares of Cameco Corporation $CCJ

Kayne Anderson Capital Advisors LP trimmed its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 67.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,681 shares of the basic materials company’s stock after selling 27,729 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Cameco were worth $1,147,000 at the end of the most recent reporting period.

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

Cameco Stock Performance

NYSE:CCJ opened at $120.92 on Wednesday. The company has a market cap of $52.66 billion, a price-to-earnings ratio of 124.66 and a beta of 0.99. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. The stock has a fifty day moving average price of $110.04 and a 200-day moving average price of $94.12.

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

Analysts Set New Price Targets

CCJ has been the subject of a number of research analyst reports. National Bank Financial restated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Royal Bank Of Canada lifted their price target on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and a consensus price target of $143.03.

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.