Cameco Corporation $CCJ Shares Sold by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group LLC reduced its holdings in Cameco Corporation by 5.4%, owning 243,121 shares valued at approximately $18 million after selling 14,011 shares in the second quarter.
• Multiple institutional investors have increased their stakes in Cameco, with the most notable increase from GAMMA Investing LLC, which raised its holdings by 3,927.4%.
• Cameco Corporation reported $0.51 earnings per share for the last quarter, significantly exceeding the consensus estimate of $0.29, while revenues were up 46.7% year-over-year.

CWA Asset Management Group LLC trimmed its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,121 shares of the basic materials company's stock after selling 14,011 shares during the quarter. Cameco makes up approximately 0.8% of CWA Asset Management Group LLC's holdings, making the stock its 27th largest position. CWA Asset Management Group LLC owned 0.06% of Cameco worth $18,047,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CCJ. Bison Wealth LLC increased 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 valued at $1,102,000 after acquiring an additional 2,975 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after acquiring an additional 238 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Cameco by 29.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,275 shares of the basic materials company's stock valued at $322,000 after acquiring an additional 1,439 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Cameco by 112.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,732 shares of the basic materials company's stock valued at $71,000 after acquiring an additional 916 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Cameco by 3,927.4% in the 1st quarter. GAMMA Investing LLC now owns 20,580 shares of the basic materials company's stock valued at $847,000 after acquiring an additional 20,069 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCJ has been the subject of a number of research analyst reports. UBS Group set a $102.00 price target on Cameco in a report on Tuesday, September 9th. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. CLSA initiated coverage on Cameco in a research note on Tuesday, September 9th. They set an "outperform" rating and a $102.00 price objective for the company. TD Securities restated a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, National Bankshares restated an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of "Buy" and a consensus target price of $89.55.

Cameco Trading Down 0.2%

NYSE:CCJ opened at $85.52 on Friday. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $89.13. The stock has a market cap of $37.23 billion, a price-to-earnings ratio of 98.30 and a beta of 1.04. The business has a fifty day moving average of $78.17 and a 200-day moving average of $62.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.