Regatta Capital Group LLC Makes New Investment in Cameco Corporation $CCJ

Key Points

• Regatta Capital Group LLC has made a significant investment of approximately $218,000 by acquiring 2,932 shares of Cameco Corporation, indicating growing interest in the uranium sector.
• Cameco reported better-than-expected earnings per share of $0.51 for the last quarter, significantly surpassing analysts' expectations of $0.29.
• Currently, 70.21% of Cameco’s stock is owned by institutional investors, highlighting a strong institutional backing for the company.

Regatta Capital Group LLC bought a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,932 shares of the basic materials company's stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Country Club Bank lifted its stake in shares of Cameco by 0.5% in the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after acquiring an additional 224 shares during the last quarter. Two Sigma Investments LP increased its holdings in Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after purchasing an additional 238 shares during the period. Sunpointe LLC grew its holdings in Cameco by 1.8% during the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock worth $670,000 after acquiring an additional 288 shares during the period. Manchester Capital Management LLC grew its holdings in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after acquiring an additional 300 shares during the period. Finally, MinichMacGregor Wealth Management LLC grew its holdings in Cameco by 5.0% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock worth $262,000 after acquiring an additional 304 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Up 3.1%

CCJ opened at $85.64 on Friday. Cameco Corporation has a one year low of $35.00 and a one year high of $89.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The firm has a market capitalization of $37.29 billion, a P/E ratio of 98.43 and a beta of 1.04. The company has a fifty day moving average price of $78.04 and a 200-day moving average price of $62.49.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. During the same period in the previous year, the firm posted $0.14 EPS. The firm's revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CCJ. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Glj Research reissued a "buy" rating and set a $75.27 target price on shares of Cameco in a research report on Thursday, June 12th. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. TD Securities restated a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their price target on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and a consensus price target of $89.55.

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.

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