OneDigital Investment Advisors LLC Acquires New Holdings in Cameco Corporation $CCJ

Key Points

• OneDigital Investment Advisors initiated a Cameco position in the second quarter, purchasing 17,111 shares valued at approximately $1.74 million. Institutional investors collectively own 70.21% of the company.
• Cameco reported quarterly EPS of $0.13, missing the $0.26 analyst consensus, while revenue declined 6.8% year over year to $573.06 million. Analysts project full-year EPS of $1.27.
• Despite mixed earnings, analyst sentiment remains favorable: 14 analysts rate Cameco a Buy and five rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $145.68.

OneDigital Investment Advisors LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,111 shares of the basic materials company's stock, valued at approximately $1,743,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Cameco during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company's stock worth $28,000 after buying an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new position in Cameco in the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. increased its position in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 325 shares during the period. Finally, Brown Lisle Cummings Inc. increased its position in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 288 shares during the period. Institutional investors own 70.21% of the company's stock.

Cameco Trading Up 0.0%

Cameco stock opened at $97.74 on Monday. The firm has a market cap of $42.57 billion, a price-to-earnings ratio of 165.66, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. Cameco Corporation has a 1 year low of $68.96 and a 1 year high of $135.24. The firm's 50 day moving average price is $96.44 and its two-hundred day moving average price is $108.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.13). The company had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. Cameco's revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. On average, research analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on CCJ shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. Barclays lowered their price target on Cameco from $104.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 4th. Scotiabank restated an "outperform" rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Cameco from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Finally, Citigroup reaffirmed a "positive" rating on shares of Cameco in a report on Wednesday, July 15th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Cameco has a consensus rating of "Moderate Buy" and an average target price of $145.68.

About Cameco

Cameco Corporation NYSE: CCJ is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company's operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.

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