178,712 Shares in Cameco Corporation $CCJ Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 178,712 Cameco shares in the second quarter, valued at approximately $18.2 million. Institutional investors and hedge funds collectively own 70.21% of the company.
• Cameco’s stock was trading at $100.07 after a 5.9% decline, while its latest quarterly results missed expectations: adjusted earnings were $0.13 per share versus the $0.26 consensus, and revenue fell 6.8% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus, 13 Buy ratings and five Holds; the average price target is $145.68.

Jupiter Topco LLC bought a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 178,712 shares of the basic materials company's stock, valued at approximately $18,205,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Clearstead Advisors LLC boosted its holdings in shares of Cameco by 0.8% in the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company's stock valued at $929,000 after purchasing an additional 85 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Cameco by 3.1% during the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company's stock worth $387,000 after buying an additional 107 shares during the last quarter. Groupama Asset Managment raised its position in shares of Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company's stock worth $176,000 after buying an additional 108 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Cameco by 3.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company's stock worth $314,000 after buying an additional 114 shares during the period. Finally, Midwest Trust Co boosted its holdings in Cameco by 4.8% in the fourth quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company's stock valued at $231,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Trading Down 5.9%

NYSE CCJ opened at $100.07 on Friday. The stock has a market cap of $43.58 billion, a P/E ratio of 169.61, a PEG ratio of 1.71 and a beta of 1.05. The company's fifty day simple moving average is $96.00 and its 200-day simple moving average is $107.07. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52 week low of $73.20 and a 52 week high of $135.24.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The firm had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. During the same period in the previous year, the business posted $0.71 earnings per share. Cameco's revenue for the quarter was down 6.8% on a year-over-year basis. Equities research analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on CCJ. Bank of America lowered their price target on Cameco from $143.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Citigroup reaffirmed a "positive" rating on shares of Cameco in a research note on Wednesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating and set a $135.00 target price on shares of Cameco in a report on Monday, June 15th. 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. Finally, Scotiabank reaffirmed an "outperform" rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cameco has an average rating of "Moderate Buy" and an average target price of $145.68.

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.

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