WINTON GROUP Ltd Purchases 18,700 Shares of Cameco Corporation $CCJ

Key Points

• WINTON GROUP Ltd raised its stake in Cameco by 32.3%, purchasing 18,700 shares to hold 76,600 shares worth about $6.42 million per its latest SEC filing.
• Cameco posted an earnings beat with Q results of $0.36 EPS versus $0.29 expected and revenue of $874.6M vs. $782.1M, and analysts keep a consensus "Moderate Buy" with an average target of $150.40.
• Institutional ownership stands at 70.21%, with large managers such as Vanguard, DZ BANK, TD Asset Management and Norges Bank significantly increasing or initiating positions, underpinning recent stock strength.

WINTON GROUP Ltd increased its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 32.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,600 shares of the basic materials company's stock after buying an additional 18,700 shares during the period. WINTON GROUP Ltd's holdings in Cameco were worth $6,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Cameco by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company's stock valued at $1,493,978,000 after acquiring an additional 235,613 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company's stock valued at $524,988,000 after purchasing an additional 2,071,373 shares during the period. TD Asset Management Inc lifted its stake in Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company's stock valued at $388,068,000 after purchasing an additional 2,489,207 shares during the last quarter. Norges Bank acquired a new stake in Cameco in the 2nd quarter valued at about $341,736,000. Finally, Geode Capital Management LLC grew its holdings in Cameco by 20.7% during the second quarter. Geode Capital Management LLC now owns 3,372,878 shares of the basic materials company's stock worth $250,797,000 after purchasing an additional 578,393 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 6.1%

Shares of NYSE:CCJ opened at $116.35 on Tuesday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The business has a 50 day moving average of $114.84 and a 200-day moving average of $96.83. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock has a market cap of $50.67 billion, a PE ratio of 119.95 and a beta of 0.98.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.07. The company had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. As a group, equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CCJ. Glj Research reissued a "buy" rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Royal Bank Of Canada lifted their target price on Cameco from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. UBS Group started coverage on Cameco in a report on Monday, November 10th. They set a "neutral" rating and a $140.00 target price on the stock. The Goldman Sachs Group restated a "buy" rating and issued a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Finally, Zacks Research downgraded Cameco from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.40.

Cameco 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.

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