King Luther Capital Management Corp Raises Holdings in Cameco Corporation $CCJ

King Luther Capital Management Corp grew its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.2% during the third quarter, HoldingsChannel reports. The fund owned 1,065,310 shares of the basic materials company’s stock after acquiring an additional 71,283 shares during the quarter. King Luther Capital Management Corp’s holdings in Cameco were worth $89,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bison Wealth LLC grew its position in shares of Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after buying an additional 2,975 shares during the last quarter. AQR Capital Management LLC boosted its stake in Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cameco by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Cameco by 8.1% during the 2nd quarter. CWM LLC now owns 6,863 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 3.2%

Cameco stock opened at $116.56 on Thursday. The stock has a 50-day moving average price of $107.72 and a 200 day moving average price of $92.76. The company has a market capitalization of $50.77 billion, a price-to-earnings ratio of 120.17 and a beta of 0.99. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The company has a quick ratio of 1.85, a current ratio of 2.47 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same period last year, the firm posted $0.36 EPS. Cameco’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several research analyst reports. Scotiabank restated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. National Bank Financial reaffirmed an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Zacks Research upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research note on Monday, December 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus price target of $143.03.

Cameco Company 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.