Cameco Corporation $CCJ Position Lowered by Sandler Capital Management

Key Points

• Sandler Capital Management reduced its stake in Cameco Corporation by 51.5%, selling 102,897 shares, resulting in ownership of 97,052 shares valued at approximately $3.995 million.
• Several institutional investors are actively modifying their holdings in Cameco, with MetLife Investment Management and Vanguard Capital Wealth Advisors acquiring new positions.
• Cameco's stock currently has a consensus rating of Buy and an average price target of $83.32, supported by analysts from Goldman Sachs and other firms setting optimistic price targets.

Sandler Capital Management reduced its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 51.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,052 shares of the basic materials company's stock after selling 102,897 shares during the period. Sandler Capital Management's holdings in Cameco were worth $3,995,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Country Club Bank increased its holdings in 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 purchasing an additional 224 shares in the last quarter. Two Sigma Investments LP increased its holdings in Cameco by 0.5% in the 4th 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 in the last quarter. Sunpointe LLC increased its holdings in Cameco by 1.8% in the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock valued at $670,000 after purchasing an additional 288 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after purchasing an additional 300 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 0.2%

Shares of CCJ stock traded up $0.15 during trading hours on Tuesday, hitting $77.39. 3,709,309 shares of the company were exchanged, compared to its average volume of 3,544,548. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a one year low of $35.00 and a one year high of $83.02. The business's 50-day simple moving average is $75.81 and its two-hundred day simple moving average is $59.27. The stock has a market capitalization of $33.69 billion, a price-to-earnings ratio of 88.95 and a beta of 1.04.

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

Analyst Ratings Changes

Several brokerages recently issued reports on CCJ. The Goldman Sachs Group increased their price target on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. UBS Group reissued a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Royal Bank Of Canada upped their price objective on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. National Bankshares reissued an "outperform" rating on shares of Cameco in a research report on Friday, August 22nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $87.05.

About Cameco

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.