Blair William & Co. IL Has $1.17 Million Stake in Cameco Corporation $CCJ

Key Points

• Blair William & Co. IL has reduced its stake in Cameco Corporation by 21.5%, owning 15,688 shares worth approximately $1.17 million as of the latest SEC filing.
• Institutional investors and hedge funds now control 70.21% of Cameco's stock, indicating strong interest from large entities in the company's performance.
• Analysts have mixed ratings for CCJ, with ratings ranging from a Strong Buy to a Hold, and an average price target of $89.55.

Blair William & Co. IL decreased its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 21.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,688 shares of the basic materials company's stock after selling 4,301 shares during the period. Blair William & Co. IL's holdings in Cameco were worth $1,165,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CCJ. Manchester Capital Management LLC increased its holdings in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares during the period. Dagco Inc. acquired a new position in shares of Cameco in the 1st quarter valued at about $28,000. SVB Wealth LLC acquired a new position in shares of Cameco in the 1st quarter valued at about $29,000. Trust Co. of Vermont increased its holdings in shares of Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 350 shares during the period. Finally, Hilltop National Bank acquired a new position in shares of Cameco in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CCJ shares. Wall Street Zen downgraded Cameco from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. National Bankshares reissued an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Cameco in a research note on Wednesday, October 8th. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Finally, UBS Group set a $102.00 price target on Cameco in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $89.55.

Cameco Stock Up 0.3%

Shares of CCJ stock opened at $93.49 on Thursday. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $97.79. The firm has a market cap of $40.70 billion, a PE ratio of 107.46 and a beta of 0.99. The stock has a 50 day moving average of $80.72 and a 200-day moving average of $66.70. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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