Ashton Thomas Private Wealth LLC Sells 9,399 Shares of Cameco Corporation $CCJ

Key Points

• Ashton Thomas Private Wealth LLC reduced its Cameco stake by 63.4%, selling 9,399 shares in Q4 and retaining 5,436 shares worth about $497,000.
• Cameco beat Q4 estimates with $0.36 EPS vs $0.29 and revenue of $874.6M vs $782.1M, and analysts hold a consensus "Moderate Buy" with an average target of $150.40.
• Institutional investors own 70.21% of CCJ; the stock trades near $120.39 with a market cap of about $52.4B and a P/E of 124.12.

Ashton Thomas Private Wealth LLC lessened its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 63.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,436 shares of the basic materials company's stock after selling 9,399 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Cameco were worth $497,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CCJ. Vanguard Group Inc. lifted its position in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company's stock valued at $1,653,639,000 after acquiring an additional 258,193 shares during the period. Capital World Investors raised its holdings in Cameco by 0.8% in the third quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company's stock worth $1,133,147,000 after buying an additional 106,872 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company's stock worth $1,089,080,000 after buying an additional 85,762 shares during the last quarter. Van ECK Associates Corp raised its holdings in Cameco by 43.3% in the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company's stock worth $456,530,000 after buying an additional 1,644,061 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Cameco by 116.7% in the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company's stock worth $388,068,000 after buying an additional 2,489,207 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Stock Down 2.2%

Shares of Cameco stock opened at $120.39 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. Cameco Corporation has a 1 year low of $45.42 and a 1 year high of $135.24. The firm's 50-day moving average is $114.95 and its two-hundred day moving average is $105.19. The stock has a market cap of $52.44 billion, a price-to-earnings ratio of 124.12, a PEG ratio of 2.28 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Cameco Corporation will post 1.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCJ. Glj Research reiterated a "buy" rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday, January 14th. The Goldman Sachs Group reiterated a "buy" rating and issued a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. William Blair initiated coverage on shares of Cameco in a research note on Monday, April 20th. They issued an "outperform" rating for the company. Finally, Zacks Research lowered shares of Cameco from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 18th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.40.

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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