FNY Investment Advisers LLC Sells 10,500 Shares of Cameco Corporation $CCJ

Key Points

• FNY Investment Advisers LLC reduced its stake in Cameco Corporation by 48.8%, selling 10,500 shares and retaining 11,000 shares valued at $816,000.
• Multiple institutional investors have increased their positions in Cameco, with Trust Co. of Vermont notably boosting its stake by 1,029.4%.
• Research firms have improved their outlook on Cameco, with ratings upgrades such as a move from "hold" to "buy" by Wall Street Zen, and price targets set at $102.00 by several analysts.

FNY Investment Advisers LLC cut its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 48.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the basic materials company's stock after selling 10,500 shares during the quarter. FNY Investment Advisers LLC's holdings in Cameco were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Trust Co. of Vermont grew its stake in shares of Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after purchasing an additional 350 shares during the last quarter. Hilltop National Bank bought a new stake in Cameco during the 2nd quarter valued at approximately $30,000. Atticus Wealth Management LLC bought a new stake in Cameco during the 2nd quarter valued at approximately $34,000. Manchester Capital Management LLC boosted its position 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 acquiring an additional 300 shares in the last quarter. Finally, Dagco Inc. bought a new stake in Cameco during the 1st quarter valued at approximately $28,000. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCJ. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research report on Sunday. CLSA began coverage on Cameco in a research report on Tuesday, September 9th. They set an "outperform" rating and a $102.00 price objective on the stock. UBS Group set a $102.00 price objective on Cameco in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cameco in a research report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $89.55.

Cameco Stock Performance

Shares of CCJ opened at $82.75 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The business's 50 day moving average price is $81.46 and its 200-day moving average price is $68.15. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $97.79. The stock has a market cap of $36.03 billion, a P/E ratio of 95.12 and a beta of 0.99.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping 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 firm 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 firm posted $0.14 EPS. The business's revenue for the quarter was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.