Equitable Holdings Inc. Makes New $1.91 Million Investment in Cameco Corporation $CCJ

Equitable Holdings Inc. acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,785 shares of the basic materials company’s stock, valued at approximately $1,913,000.

Other large investors also recently modified their holdings of the company. Bison Wealth LLC raised its holdings in shares of Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after buying an additional 2,975 shares in the last quarter. AQR Capital Management LLC boosted its stake in Cameco by 16.6% in the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after buying an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Cameco by 48.7% in the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cameco by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 64,512 shares during the period. Finally, NewGen Equity Long Short Fund acquired a new position in Cameco during the second quarter worth $14,252,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Down 5.9%

CCJ stock opened at $100.07 on Friday. The business has a fifty day moving average price of $96.00 and a 200 day moving average price of $107.07. Cameco Corporation has a fifty-two week low of $73.20 and a fifty-two week high of $135.24. The stock has a market capitalization of $43.58 billion, a price-to-earnings ratio of 169.61, a P/E/G ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The business had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. Analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of analyst reports. Truist Financial lifted their price objective on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Bank of America lowered their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Barclays dropped their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada boosted their price target on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.68.

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.