Cameco Corporation $CCJ Shares Sold by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors trimmed its stake in Cameco by 10.3%, selling 14,110 shares and leaving 123,190 shares valued at about $11.27 million at the end of the quarter.
• Analysts remain largely positive with 11 Buy ratings vs 3 Hold, an average rating of "Moderate Buy" and an average price target of $150.40, though firms have issued both upgrades (Weiss) and downgrades (TD Securities).
• Cameco beat quarterly estimates — EPS $0.36 vs $0.29 and revenue $874.6M vs $782.1M — and now trades around $116 with a market cap of ~$50.6B and a high PE of 119.7.

Foster Victor Wealth Advisors LLC trimmed its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,190 shares of the basic materials company's stock after selling 14,110 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Cameco were worth $11,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CCJ. Bison Wealth LLC increased its stake in shares of Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock worth $1,102,000 after acquiring an additional 2,975 shares during the period. AQR Capital Management LLC grew its position in Cameco by 16.6% during the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company's stock worth $393,000 after buying an additional 1,361 shares during the period. Integrated Wealth Concepts LLC grew its position in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company's stock worth $349,000 after buying an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cameco by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company's stock worth $24,895,000 after buying an additional 64,512 shares during the period. Finally, NewGen Equity Long Short Fund acquired a new position in Cameco during the second quarter worth about $14,252,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Cameco from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Glj Research restated a "buy" rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Sanford C. Bernstein restated an "outperform" rating and set a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, January 14th. Finally, TD Securities lowered shares of Cameco from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 26th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Cameco has an average rating of "Moderate Buy" and an average price target of $150.40.

Cameco Stock Down 0.5%

Shares of NYSE CCJ opened at $116.11 on Wednesday. Cameco Corporation has a 12-month low of $38.97 and a 12-month high of $135.24. The company has a market capitalization of $50.57 billion, a PE ratio of 119.70 and a beta of 1.02. 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 firm's 50-day moving average is $113.69 and its two-hundred day moving average is $102.47.

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

About Cameco

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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