31,359 Shares in Cameco Corporation $CCJ Purchased by MH & Associates Securities Management Corp ADV

Key Points

• MH & Associates Securities Management Corp ADV initiated a new position in Cameco (NYSE:CCJ) in Q4, purchasing 31,359 shares worth about $2.87 million, representing ~2.3% of its portfolio and its 21st largest holding.
• Analysts have an average rating of Moderate Buy on CCJ with an average target price of $150.40 (11 Buys, 3 Holds), and several firms recently revised ratings and targets.
• Cameco beat quarterly estimates with EPS of $0.36 (vs. $0.29) and revenue of $874.6M (vs. $782.1M); the stock trades near $115.96 with a one‑year range of $36.03–$135.24 and a market cap of about $50.5B.

MH & Associates Securities Management Corp ADV purchased a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,359 shares of the basic materials company's stock, valued at approximately $2,869,000. Cameco comprises approximately 2.3% of MH & Associates Securities Management Corp ADV's investment portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Cameco by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company's stock valued at $62,000 after acquiring an additional 112 shares during the period. International Assets Investment Management LLC increased its position in shares of Cameco by 3.1% in the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company's stock valued at $330,000 after acquiring an additional 120 shares during the period. Lee Johnson Capital Management LLC increased its position in shares of Cameco by 1.2% in the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company's stock valued at $903,000 after acquiring an additional 127 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Cameco by 9.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,691 shares of the basic materials company's stock valued at $155,000 after acquiring an additional 145 shares during the period. Finally, Delos Wealth Advisors LLC increased its position in shares of Cameco by 60.0% in the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 150 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CCJ shares. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research note on Monday, March 9th. Zacks Research cut Cameco from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Glj Research reissued a "buy" rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Finally, TD Securities cut Cameco from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Cameco currently has an average rating of "Moderate Buy" and an average target price of $150.40.

Cameco Price Performance

Shares of NYSE CCJ opened at $115.96 on Thursday. Cameco Corporation has a 1 year low of $36.03 and a 1 year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. The company's 50-day moving average is $114.47 and its 200 day moving average is $101.50. The stock has a market capitalization of $50.51 billion, a P/E ratio of 119.55 and a beta of 1.02.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. The company had revenue of $874.57 million for the quarter, compared to analysts' expectations of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

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.

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