Rathbones Group PLC Has $18.58 Million Stake in Cameco Corporation (NYSE:CCJ)

Key Points

• Rathbones Group PLC has decreased its holdings in Cameco Corporation by 30.3% during the first quarter, owning approximately 0.10% of the company worth $18,584,000 after selling 196,724 shares.
• Manchester Capital Management LLC has notably increased its holdings in Cameco by 100.0%, now owning 600 shares valued at $25,000 following the acquisition of additional shares.
• A consensus rating of "Buy" among analysts for Cameco indicates strong market confidence, with an average target price set at $82.65.

Rathbones Group PLC lowered its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 451,518 shares of the basic materials company's stock after selling 196,724 shares during the quarter. Rathbones Group PLC owned about 0.10% of Cameco worth $18,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC raised its holdings in shares of Cameco by 100.0% during 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 in the last quarter. Copia Wealth Management acquired a new stake in shares of Cameco in the fourth quarter worth $39,000. Ameriflex Group Inc. acquired a new stake in shares of Cameco in the fourth quarter worth $40,000. CoreCap Advisors LLC grew its stake in shares of Cameco by 8,363.6% in the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after acquiring an additional 920 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Cameco by 315.2% in the 1st quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock worth $51,000 after purchasing an additional 933 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CCJ. The Goldman Sachs Group raised their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Glj Research reaffirmed a "buy" rating and issued a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Finally, Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Twelve analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Cameco has a consensus rating of "Buy" and a consensus target price of $82.65.

Cameco Trading Down 0.1%

Shares of CCJ traded down $0.04 on Friday, reaching $75.51. 2,661,785 shares of the company's stock were exchanged, compared to its average volume of 4,342,646. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $32.88 billion, a P/E ratio of 86.79 and a beta of 1.06. The business has a 50 day moving average price of $73.74 and a two-hundred day moving average price of $56.01. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The company's revenue was up 46.7% on a year-over-year basis. Research analysts anticipate 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.