Pacific Capital Partners Ltd Invests $801,000 in Cameco Corporation (NYSE:CCJ)

Key Points

• Pacific Capital Partners Ltd invested approximately $801,000 in Cameco Corporation, acquiring 19,470 shares during the first quarter.
• Other large investors, including Hurley Capital LLC and Copia Wealth Management, also purchased stakes in Cameco, contributing to a total of 70.21% institutional ownership of the company's stock.
• Cameco's recent quarterly earnings showed a net margin of 7.50%, with earnings per share of $0.11, missing analysts' expectations.

Pacific Capital Partners Ltd purchased a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,470 shares of the basic materials company's stock, valued at approximately $801,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after purchasing an additional 190,337 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Cameco by 35.9% during the fourth quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock worth $133,151,000 after purchasing an additional 685,145 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cameco by 31.8% during the fourth quarter. Geode Capital Management LLC now owns 2,518,655 shares of the basic materials company's stock worth $130,550,000 after purchasing an additional 607,041 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of Cameco by 120.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after purchasing an additional 1,225,966 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Royal Bank Of Canada raised their price target on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. 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. Glj Research reissued a "buy" rating and set a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $80.65.

Cameco Stock Performance

CCJ traded down $0.98 during trading on Wednesday, reaching $77.71. The company's stock had a trading volume of 4,371,836 shares, compared to its average volume of 4,541,292. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $80.32. The company's fifty day moving average price is $69.16 and its 200-day moving average price is $53.84. The company has a market capitalization of $33.83 billion, a price-to-earnings ratio of 194.28 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same period in the prior year, the firm posted $0.13 EPS. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, equities analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco 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.