Nomura Holdings Inc. Cuts Holdings in Cameco Corporation $CCJ

Key Points

• Nomura Holdings Inc. significantly reduced its stake in Cameco Corporation by 77.5% in the first quarter, leaving them with 25,828 shares valued at approximately $1,063,000.
• Despite Nomura's reduction, other institutional investors increased their positions, with Manchester Capital Management boosting their stake by 100%.
• Analysts have shown optimism for Cameco, raising price targets with a consensus target price now at $83.32, indicating potential for growth in coming periods.

Nomura Holdings Inc. decreased its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 77.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,828 shares of the basic materials company's stock after selling 88,782 shares during the period. Nomura Holdings Inc.'s holdings in Cameco were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CCJ. Vanguard Group Inc. raised its stake in shares of Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock valued at $703,295,000 after acquiring an additional 300,088 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after buying an additional 190,337 shares in the last quarter. AGF Management Ltd. grew its position in Cameco by 19.0% in the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock valued at $166,206,000 after buying an additional 644,413 shares in the last quarter. Ameriprise Financial Inc. increased its position in Cameco by 20.6% in the 1st quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company's stock worth $125,533,000 after purchasing an additional 521,492 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its stake in Cameco by 120.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after acquiring an additional 1,225,966 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Price Performance

NYSE CCJ traded up $1.30 on Monday, reaching $77.15. The company's stock had a trading volume of 1,895,831 shares, compared to its average volume of 4,687,105. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $83.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The stock has a market cap of $33.59 billion, a PE ratio of 88.68 and a beta of 1.04. The firm's 50 day moving average is $75.64 and its two-hundred day moving average is $58.90.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen raised shares of Cameco from a "hold" rating to a "buy" rating in a report on Sunday. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. UBS Group restated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Finally, TD Securities reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $83.32.

Cameco 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.