Kayne Anderson Capital Advisors LP Increases Stock Position in Cameco Corporation (NYSE:CCJ)

Kayne Anderson Capital Advisors LP raised its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 41.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,407 shares of the basic materials company's stock after buying an additional 11,879 shares during the period. Kayne Anderson Capital Advisors LP's holdings in Cameco were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Country Club Bank increased its position in Cameco by 0.5% during the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after purchasing an additional 224 shares during the period. Two Sigma Investments LP lifted its stake in Cameco by 0.5% during 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 period. Highview Capital Management LLC DE lifted its stake in Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 300 shares during the period. MinichMacGregor Wealth Management LLC boosted its holdings in shares of Cameco by 5.0% in the first quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock worth $262,000 after buying an additional 304 shares during the last quarter. Finally, Freedom Investment Management Inc. boosted its holdings in shares of Cameco by 5.3% in the fourth quarter. Freedom Investment Management Inc. now owns 6,230 shares of the basic materials company's stock worth $320,000 after buying an additional 312 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

Shares of NYSE CCJ traded down $1.81 during trading hours on Monday, reaching $77.16. 5,123,945 shares of the stock were exchanged, compared to its average volume of 4,605,994. The firm has a market capitalization of $33.59 billion, a price-to-earnings ratio of 192.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $80.57. The stock's fifty day simple moving average is $65.38 and its 200 day simple moving average is $52.54.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same period in the prior year, the business posted $0.13 EPS. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. Sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCJ shares. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Desjardins began coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. Royal Bank Of Canada boosted their price target on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Glj Research restated a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Finally, Sanford C. Bernstein set a $70.00 target price on Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $80.65.

About Cameco

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.