Cameco Corporation $CCJ Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,300 shares of the basic materials company’s stock after purchasing an additional 33,153 shares during the period. WINTON GROUP Ltd’s holdings in Cameco were worth $14,291,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Clearstead Advisors LLC raised its holdings in Cameco by 0.8% during the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after buying an additional 85 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Cameco by 3.1% in the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after buying an additional 107 shares during the period. Groupama Asset Managment increased its position in shares of Cameco by 5.9% in the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 108 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Cameco by 3.4% in 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 in the last quarter. Finally, Midwest Trust Co raised its holdings in shares of Cameco by 4.8% during the fourth quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 116 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of Cameco in a research report on Thursday, September 3rd. They issued a “buy” rating and a $138.00 price target for the company. Barclays cut their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Citigroup restated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Wall Street Zen raised Cameco from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Bank of America lowered their price target on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.68.

Cameco Stock Down 1.4%

CCJ stock opened at $100.56 on Thursday. The company has a 50 day moving average of $95.27 and a two-hundred day moving average of $106.05. The company has a market cap of $43.80 billion, a price-to-earnings ratio of 170.44, a PEG ratio of 1.74 and a beta of 1.06. Cameco Corporation has a 12-month low of $77.53 and a 12-month high of $135.24. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The company had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The company’s revenue was down 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. On average, equities analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. Established in 1988 through the merger of Saskatchewan Mining Development Corporation and Eldorado Nuclear Limited, Cameco is one of the world’s largest publicly traded uranium producers.

The company explores, develops and operates uranium mines, primarily in Canada, the United States and Kazakhstan. Its assets include the McArthur River and Cigar Lake operations in northern Saskatchewan, as well as interests in the Inkai operation in Kazakhstan.