Nations Financial Group Inc. IA ADV Has $951,000 Stake in Cameco Corporation $CCJ

Key Points

• Nations Financial Group Inc. IA ADV reduced its holdings in Cameco Corporation by 74.8%, now owning 23,110 shares worth approximately $951,000.
• Cameco reported a Q2 earnings per share (EPS) of $0.51, exceeding analyst expectations of $0.29, with a 46.7% year-over-year revenue growth.
• The stock has received a consensus rating of "Buy" from analysts, with a target price averaging $82.65, reflecting positive outlooks from several investment firms.

Nations Financial Group Inc. IA ADV lowered its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 74.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,110 shares of the basic materials company's stock after selling 68,576 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Cameco were worth $951,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of Cameco by 965.3% in the 1st quarter. American Century Companies Inc. now owns 454,299 shares of the basic materials company's stock worth $18,699,000 after purchasing an additional 411,653 shares in the last quarter. Tejara Capital Ltd bought a new stake in Cameco in the first quarter valued at approximately $1,848,000. Trivium Point Advisory LLC increased its stake in shares of Cameco by 73.2% during the first quarter. Trivium Point Advisory LLC now owns 75,929 shares of the basic materials company's stock valued at $3,125,000 after buying an additional 32,087 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in Cameco by 257.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 20,588 shares of the basic materials company's stock worth $847,000 after purchasing an additional 14,827 shares during the period. Finally, Sienna Gestion grew its stake in shares of Cameco by 30.1% in the first quarter. Sienna Gestion now owns 34,290 shares of the basic materials company's stock worth $1,372,000 after acquiring an additional 7,940 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Shares of CCJ traded down $0.04 on Friday, reaching $75.51. The company's stock had a trading volume of 2,661,785 shares, compared to its average volume of 4,244,133. The stock has a market capitalization of $32.88 billion, a P/E ratio of 86.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $80.32. The stock's 50 day simple moving average is $73.74 and its two-hundred day simple moving average is $56.09.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating 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 net margin of 14.97% and a return on equity of 8.21%. The firm'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 EPS. Research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on CCJ shares. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. The Goldman Sachs Group increased their price objective on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Finally, Glj Research restated a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Twelve equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has a consensus rating of "Buy" and an average price target of $82.65.

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.