Cameco Corporation $CCJ Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC lessened its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,174 shares of the basic materials company’s stock after selling 10,448 shares during the quarter. Polen Capital Management LLC’s holdings in Cameco were worth $2,578,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Keel Point LLC grew its holdings in Cameco by 2.4% during the 4th quarter. Keel Point LLC now owns 5,806 shares of the basic materials company’s stock valued at $531,000 after buying an additional 134 shares during the last quarter. ARK Investment Management LLC grew its holdings in Cameco by 10.4% during the 4th quarter. ARK Investment Management LLC now owns 354,391 shares of the basic materials company’s stock valued at $32,423,000 after buying an additional 33,351 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in Cameco by 5.4% during the 4th quarter. Picton Mahoney Asset Management now owns 481,834 shares of the basic materials company’s stock valued at $44,182,000 after buying an additional 24,523 shares during the last quarter. Capital Wealth Planning LLC grew its holdings in Cameco by 37.6% during the 4th quarter. Capital Wealth Planning LLC now owns 150,738 shares of the basic materials company’s stock valued at $14,857,000 after buying an additional 41,220 shares during the last quarter. Finally, Gilpin Wealth Management LLC acquired a new stake in Cameco during the 4th quarter valued at $110,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $98.97 on Friday. Cameco Corporation has a 52-week low of $64.84 and a 52-week high of $135.24. The stock’s fifty day simple moving average is $113.33 and its 200-day simple moving average is $109.15. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $43.11 billion, a price-to-earnings ratio of 91.64, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter last year, the firm earned $0.16 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Cameco Corporation will post 1.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CCJ. Scotiabank reiterated an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Barclays started coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a report on Monday, March 9th. Finally, Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average price target of $148.62.

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.