MBB Public Markets I LLC Cuts Stock Holdings in Cameco Corporation $CCJ

Key Points

• MBB Public Markets I LLC reduced its stake in Cameco Corporation by 35.1%, owning 519,865 shares valued at approximately $21.40 million after selling off 280,977 shares in the first quarter.
• Notable institutional investors like Vanguard Group and Ameriprise Financial increased their stakes in Cameco, with Vanguard now holding 17,084,358 shares valued at $703.3 million.
• Cameco reported an earnings per share of $0.51 for the last quarter, significantly beating analysts' expectations of $0.29, and had a 46.7% increase in revenue compared to the previous year.

MBB Public Markets I LLC lowered its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 35.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 519,865 shares of the basic materials company's stock after selling 280,977 shares during the period. Cameco comprises about 2.4% of MBB Public Markets I LLC's investment portfolio, making the stock its 16th biggest holding. MBB Public Markets I LLC owned approximately 0.12% of Cameco worth $21,398,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Caxton Associates LLP purchased a new position in shares of Cameco in the first quarter valued at about $513,000. Ashton Thomas Private Wealth LLC increased its holdings in Cameco by 183.9% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 12,423 shares of the basic materials company's stock valued at $511,000 after purchasing an additional 8,047 shares during the period. Guardian Partners Inc. raised its position in Cameco by 10.1% during the 1st quarter. Guardian Partners Inc. now owns 32,345 shares of the basic materials company's stock valued at $1,310,000 after purchasing an additional 2,970 shares during the last quarter. Jones Financial Companies Lllp raised its position in Cameco by 464.5% during the 1st quarter. Jones Financial Companies Lllp now owns 40,030 shares of the basic materials company's stock valued at $1,590,000 after purchasing an additional 32,939 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Cameco in the 1st quarter worth approximately $495,000. Institutional investors own 70.21% of the company's stock.

Cameco Stock Up 0.6%

CCJ traded up $0.47 during midday trading on Thursday, reaching $79.94. The company's stock had a trading volume of 3,698,663 shares, compared to its average volume of 3,541,649. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $83.02. The stock's 50-day moving average is $76.11 and its 200-day moving average is $59.66. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 91.89 and a beta of 1.04. 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 (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. The firm had revenue of $467.72 million for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CCJ. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Tuesday, September 2nd. Glj Research reaffirmed a "buy" rating and issued a $75.27 target price on shares of Cameco in a research report on Thursday, June 12th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. UBS Group set a $102.00 price target on shares of Cameco in a research report on Tuesday. Finally, CLSA started coverage on Cameco in a research note on Tuesday. They issued an "outperform" rating and a $102.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $89.55.

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.