Cameco Corporation $CCJ Shares Sold by Castle Hook Partners LP

Castle Hook Partners LP lowered its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,088,962 shares of the basic materials company’s stock after selling 301,808 shares during the quarter. Cameco makes up approximately 0.8% of Castle Hook Partners LP’s holdings, making the stock its 21st biggest holding. Castle Hook Partners LP owned approximately 0.48% of Cameco worth $191,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC boosted its position in Cameco by 0.8% during the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after acquiring an additional 85 shares during the last quarter. Legacy Bridge LLC boosted its position in Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after acquiring an additional 100 shares during the last quarter. S.A. Mason LLC boosted its position in Cameco by 4.8% during the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 111 shares during the last quarter. GAMMA Investing LLC boosted its position in Cameco by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 112 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in Cameco by 3.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 2.0%

Shares of CCJ opened at $105.70 on Thursday. The firm has a market cap of $46.04 billion, a PE ratio of 97.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The company’s fifty day moving average is $112.82 and its two-hundred day moving average is $109.66. Cameco Corporation has a fifty-two week low of $67.60 and a fifty-two week high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. Analysts forecast that Cameco Corporation will post 1.21 earnings per share for the current year.

Analyst Ratings Changes

CCJ has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce raised their target price on shares of Cameco to $202.00 in a research report on Monday, March 9th. William Blair assumed coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Barclays assumed coverage on shares of Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Finally, Glj Research reiterated a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.42.

About Cameco

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.