Virtu Financial LLC cut its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 55.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,363 shares of the basic materials company's stock after selling 11,471 shares during the quarter. Virtu Financial LLC's holdings in Cameco were worth $385,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors acquired a new stake in Cameco in the fourth quarter valued at approximately $839,000. Kayne Anderson Capital Advisors LP lifted its stake in Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock valued at $1,663,000 after acquiring an additional 11,879 shares during the last quarter. Nicholson Meyer Capital Management Inc. acquired a new stake in Cameco in the first quarter valued at approximately $350,000. Balefire LLC lifted its stake in Cameco by 42.9% in 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 during the last quarter. Finally, Galibier Capital Management Ltd. acquired a new stake in Cameco in the first quarter valued at approximately $11,655,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research note 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 stock an "outperform" rating in a research note on Friday, August 1st. UBS Group restated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Finally, The Goldman Sachs Group boosted their price objective 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. Twelve research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average target price of $82.65.
Check Out Our Latest Analysis on Cameco
Cameco Price Performance
NYSE:CCJ opened at $75.59 on Friday. The stock has a market cap of $32.91 billion, a P/E ratio of 86.88 and a beta of 1.06. Cameco Corporation has a one year low of $35.00 and a one year high of $80.32. The company has a fifty day moving average price of $73.44 and a 200 day moving average price of $55.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business's revenue for the quarter was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.
Cameco Profile
(
Free Report)
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.
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