S&CO Inc. Takes Position in Cameco Corporation $CCJ

Key Points

• S&CO Inc. acquired 313,626 Cameco shares worth approximately $31.9 million in the second quarter, making Cameco 1.8% of its portfolio and its 14th-largest holding. Institutional investors and hedge funds collectively own 70.21% of Cameco.
• Analyst sentiment remains generally positive, with 14 Buy ratings and five Holds producing a consensus “Moderate Buy” rating and a $145.68 target price, despite some recent downgrades.
• Cameco’s latest quarterly results fell short of expectations: adjusted earnings were $0.13 per share versus the $0.26 consensus, while revenue declined 6.8% year over year to $573.06 million.

S&CO Inc. bought a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 313,626 shares of the basic materials company's stock, valued at approximately $31,945,000. Cameco accounts for 1.8% of S&CO Inc.'s investment portfolio, making the stock its 14th largest holding. S&CO Inc. owned about 0.07% of Cameco at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Clearstead Advisors LLC increased its holdings in Cameco by 0.8% during the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company's stock worth $929,000 after purchasing an additional 85 shares during the period. HB Wealth Management LLC raised its position in Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company's stock valued at $387,000 after purchasing an additional 107 shares in the last quarter. Groupama Asset Managment boosted its stake in shares of Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company's stock valued at $176,000 after buying an additional 108 shares during the period. S.A. Mason LLC boosted its stake in shares of Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company's stock valued at $223,000 after buying an additional 111 shares during the period. Finally, Kingsview Wealth Management LLC grew its position in shares of Cameco by 3.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company's stock worth $314,000 after buying an additional 114 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCJ. Weiss Ratings lowered shares of Cameco from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Truist Financial lifted their price target on shares of Cameco from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday. Citigroup reiterated a "positive" rating on shares of Cameco in a report on Wednesday, July 15th. Barclays dropped their price objective on shares of Cameco from $104.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of Cameco from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $145.68.

Cameco Trading Down 0.0%

NYSE:CCJ opened at $97.74 on Friday. The stock has a 50-day simple moving average of $96.44 and a 200-day simple moving average of $108.52. The stock has a market cap of $42.57 billion, a P/E ratio of 165.66, a P/E/G 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 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 issued its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The business had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. During the same period last year, the business posted $0.71 EPS. Cameco's revenue was down 6.8% on a year-over-year basis. As a group, analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source