Cresset Asset Management LLC Grows Stake in Cameco Corporation $CCJ

Key Points

• Cresset Asset Management LLC increased its stake in Cameco Corporation by 85.4%, holding 10,679 shares valued at $440,000 as of its latest SEC filing.
• Other hedge funds, including Manchester Capital Management LLC, have also made significant adjustments to their positions in Cameco, indicating strong institutional interest with 70.21% of the stock owned by institutional investors.
• Cameco reported earnings of $0.51 EPS for the last quarter, exceeding analyst estimates, and set its FY 2025 guidance at 1.27 EPS.

Cresset Asset Management LLC increased its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 85.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,679 shares of the basic materials company's stock after purchasing an additional 4,918 shares during the quarter. Cresset Asset Management LLC's holdings in Cameco were worth $440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCJ. Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock worth $703,295,000 after buying an additional 300,088 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cameco by 1.1% in 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 during the period. AGF Management Ltd. boosted its position in Cameco by 19.0% during 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 during the period. Driehaus Capital Management LLC grew its holdings in Cameco by 120.2% in the 4th 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Cameco by 2.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,215,853 shares of the basic materials company's stock valued at $91,205,000 after acquiring an additional 56,583 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of CCJ stock traded down $1.40 during mid-day trading on Friday, reaching $77.23. 5,612,704 shares of the company's stock traded hands, compared to its average volume of 4,728,570. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $83.02. The firm has a 50 day moving average price of $75.04 and a two-hundred day moving average price of $57.57. The firm has a market capitalization of $33.62 billion, a PE ratio of 88.76 and a beta of 1.06. 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 posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business's revenue for the quarter was up 46.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCJ. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Glj Research reissued a "buy" rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, The Goldman Sachs Group upped their target price on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Three research analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $83.32.

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.