Cameco Corporation $CCJ Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its holdings in Cameco Corporation by acquiring 232,572 shares, raising its total ownership by 1,453.3% to 248,575 shares valued at approximately $10.23 million.
• Several large investors, including Vanguard Group Inc. and Ameriprise Financial Inc., have also raised their stakes in Cameco, totaling 70.21% ownership by institutional investors and hedge funds.
• Analysts have a consensus "Buy" rating for Cameco, with a price target averaging $83.32, reflecting positive outlooks from firms like the Royal Bank of Canada and Goldman Sachs.

Trexquant Investment LP raised its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 1,453.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 248,575 shares of the basic materials company's stock after purchasing an additional 232,572 shares during the period. Trexquant Investment LP owned 0.06% of Cameco worth $10,231,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CCJ. First Trust Advisors LP bought a new stake in Cameco during the fourth quarter valued at about $390,000. Integrated Wealth Concepts LLC grew its holdings in Cameco by 6.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 5,705 shares of the basic materials company's stock valued at $293,000 after purchasing an additional 370 shares during the period. Beacon Pointe Advisors LLC boosted its stake in shares of Cameco by 2.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 11,811 shares of the basic materials company's stock worth $607,000 after acquiring an additional 330 shares during the period. Northern Trust Corp grew its position in shares of Cameco by 50.8% during the fourth quarter. Northern Trust Corp now owns 367,299 shares of the basic materials company's stock worth $18,875,000 after purchasing an additional 123,684 shares in the last quarter. Finally, Bison Wealth LLC grew its holdings in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock valued at $1,102,000 after buying an additional 2,975 shares in the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Stock Up 2.3%

CCJ stock traded up $1.70 on Wednesday, hitting $77.12. 2,712,049 shares of the company's stock were exchanged, compared to its average volume of 4,726,155. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $83.02. The stock has a market cap of $33.58 billion, a P/E ratio of 88.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm has a 50 day moving average price of $75.43 and a two-hundred day moving average price of $58.21.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's revenue was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CCJ shares. TD Securities reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Glj Research reissued a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. The Goldman Sachs Group upped their price objective on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Finally, Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. Based on data from MarketBeat.com, Cameco has a consensus rating of "Buy" and an average price target of $83.32.

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.