Vestmark Advisory Solutions Inc. Acquires 14,827 Shares of Cameco Corporation (NYSE:CCJ)

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Cameco Corporation by 257.4% during the 1st quarter, acquiring an additional 14,827 shares to reach a total of 20,588 shares worth approximately $847,000.
• Several other institutional investors also reported significant increases in their positions in Cameco, with Gulf International Bank UK Ltd. boosting its stake by an impressive 2,696.3%.
• Cameco's stock recently reported a quarterly earnings per share (EPS) of $0.51, surpassing analyst expectations and reflecting a 46.7% increase in revenue compared to the previous year.

Vestmark Advisory Solutions Inc. boosted its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 257.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,588 shares of the basic materials company's stock after buying an additional 14,827 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Cameco were worth $847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors bought a new position in Cameco during the fourth quarter worth about $839,000. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Cameco by 41.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock worth $1,663,000 after acquiring an additional 11,879 shares during the last quarter. Nicholson Meyer Capital Management Inc. bought a new position in Cameco in the first quarter worth about $350,000. Balefire LLC raised its position in Cameco by 42.9% during the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock valued at $1,383,000 after acquiring an additional 10,081 shares in the last quarter. Finally, Galibier Capital Management Ltd. purchased a new position in Cameco in the 1st quarter worth approximately $11,655,000. 70.21% of the stock is owned by institutional investors.

Cameco Trading Down 0.1%

Shares of NYSE CCJ traded down $0.04 during trading on Friday, hitting $75.51. 2,661,785 shares of the company were exchanged, compared to its average volume of 4,244,133. 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 market capitalization of $32.88 billion, a PE ratio of 86.79 and a beta of 1.06. The company has a fifty day moving average price of $73.74 and a 200-day moving average price of $56.09. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million during 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 firm's revenue for the quarter was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. The Goldman Sachs Group upped their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Glj Research restated a "buy" rating and set a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a research report on Tuesday, August 5th. Twelve research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $82.65.

Cameco 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.