Regal Partners Ltd Has $37.53 Million Stock Holdings in Cameco Corporation $CCJ

Key Points

• Regal Partners boosted its stake in Cameco by 291.6% in Q3 to 447,582 shares valued at $37.53 million, making Cameco about 2.7% of Regal’s portfolio and its 13th-largest holding.
• Cameco beat quarterly expectations, reporting $0.36 EPS vs. $0.29 expected and revenue of $874.6 million (vs. $782.1M consensus), with the stock trading near $109.77 and a market cap of $47.8 billion.
• Institutional investors own about 70.21% of Cameco, and Wall Street’s consensus is a "Moderate Buy" with an average price target of $143.03 (majority of analysts rate it Buy).

Regal Partners Ltd increased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 291.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 447,582 shares of the basic materials company's stock after acquiring an additional 333,279 shares during the period. Cameco comprises about 2.7% of Regal Partners Ltd's investment portfolio, making the stock its 13th biggest position. Regal Partners Ltd owned 0.10% of Cameco worth $37,534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Abbington Investment Group acquired a new stake in Cameco during the third quarter valued at approximately $6,506,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cameco by 79.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company's stock worth $20,964,000 after buying an additional 110,629 shares in the last quarter. Nwam LLC raised its holdings in shares of Cameco by 11.7% in the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company's stock worth $6,304,000 after buying an additional 8,519 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Cameco by 165.1% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company's stock worth $12,593,000 after buying an additional 105,523 shares during the period. Finally, NWF Advisory Services Inc. bought a new position in shares of Cameco during the 3rd quarter worth approximately $1,996,000. Institutional investors own 70.21% of the company's stock.

Cameco Stock Down 3.9%

NYSE CCJ opened at $109.77 on Friday. The stock's 50 day simple moving average is $114.36 and its 200 day simple moving average is $96.33. Cameco Corporation has a one year low of $35.00 and a one year high of $135.24. The firm has a market cap of $47.81 billion, a PE ratio of 113.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. As a group, sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCJ. Sanford C. Bernstein reiterated an "outperform" rating and issued a $147.00 price target on shares of Cameco in a research report on Thursday, February 5th. Glj Research reissued a "buy" rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. The Goldman Sachs Group restated a "buy" rating and issued a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Weiss Ratings raised shares of Cameco from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Finally, Wall Street Zen cut shares of Cameco from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $143.03.

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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