Townsquare Capital LLC Invests $1.51 Million in Cameco Corporation (NYSE:CCJ)

Townsquare Capital LLC purchased a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,759 shares of the basic materials company's stock, valued at approximately $1,513,000.

A number of other institutional investors have also bought and sold shares of the company. Driehaus Capital Management LLC increased its stake in Cameco by 120.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after buying an additional 1,225,966 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cameco in the 4th quarter valued at $34,440,000. Canada Pension Plan Investment Board lifted its holdings in shares of Cameco by 3,057.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 643,535 shares of the basic materials company's stock worth $33,046,000 after acquiring an additional 623,154 shares during the last quarter. Covea Finance lifted its holdings in shares of Cameco by 52.8% during the 1st quarter. Covea Finance now owns 1,665,979 shares of the basic materials company's stock worth $68,572,000 after acquiring an additional 575,393 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Cameco by 161.4% in the first quarter. LPL Financial LLC now owns 643,011 shares of the basic materials company's stock valued at $26,466,000 after acquiring an additional 397,002 shares during the period. Institutional investors own 70.21% of the company's stock.

Cameco Stock Down 0.1%

Shares of NYSE CCJ traded down $0.04 during midday trading on Friday, hitting $75.51. The stock had a trading volume of 2,661,785 shares, compared to its average volume of 4,342,646. The business's 50 day moving average is $73.74 and its 200-day moving average is $56.05. The company has a market cap of $32.88 billion, a P/E ratio of 86.79 and a beta of 1.06. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $80.32. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

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

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Securities restated a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted 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. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research report on Tuesday, August 5th. Finally, UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Twelve analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $82.65.

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.