Cresset Asset Management LLC Purchases 4,918 Shares of 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 holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 85.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,679 shares of the basic materials company's stock after acquiring an additional 4,918 shares during the period. Cresset Asset Management LLC's holdings in Cameco were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Country Club Bank increased its holdings in shares of 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 acquiring an additional 224 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after acquiring an additional 238 shares during the period. Sunpointe LLC lifted its position in shares of Cameco by 1.8% in the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock worth $670,000 after acquiring an additional 288 shares during the period. Highview Capital Management LLC DE lifted its position in shares of 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 worth $321,000 after buying an additional 300 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in 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. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 1.4%

NYSE:CCJ traded down $1.09 during trading hours on Friday, hitting $77.54. 6,982,094 shares of the company were exchanged, compared to its average volume of 3,843,250. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 89.13 and a beta of 1.06. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a one year low of $35.00 and a one year high of $83.02. The company has a fifty day simple moving average of $75.22 and a 200 day simple moving average of $57.81.

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 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business's quarterly revenue was up 46.7% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

CCJ has been the subject of several research reports. Wall Street Zen cut Cameco from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group reiterated a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. TD Securities restated a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their target price on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $83.32.

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.