Themes Management Co LLC Takes $1.83 Million Position in Cameco Corporation $CCJ

Themes Management Co LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,949 shares of the basic materials company’s stock, valued at approximately $1,827,000. Cameco comprises 1.4% of Themes Management Co LLC’s portfolio, making the stock its 16th largest position.

Several other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Cameco by 79.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock worth $20,964,000 after buying an additional 110,629 shares during the last quarter. NWF Advisory Services Inc. purchased a new position in shares of Cameco during the third quarter worth $1,996,000. Allianz Asset Management GmbH lifted its position in Cameco by 278.3% during the third quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock valued at $12,208,000 after purchasing an additional 106,987 shares during the period. Mediolanum International Funds Ltd raised its stake in shares of Cameco by 165.5% during the 3rd quarter. Mediolanum International Funds Ltd now owns 34,267 shares of the basic materials company’s stock valued at $2,894,000 after buying an additional 21,361 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Cameco by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after buying an additional 108,841 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 0.0%

Shares of Cameco stock opened at $104.71 on Tuesday. Cameco Corporation has a twelve month low of $55.11 and a twelve month high of $135.24. The firm’s 50-day moving average price is $112.99 and its 200 day moving average price is $107.28. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $45.61 billion, a PE ratio of 96.96, a P/E/G ratio of 1.77 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, sell-side analysts predict that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several analyst reports. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Weiss Ratings cut shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Glj Research reaffirmed a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Finally, William Blair began coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. Eleven research 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, the company has an average rating of “Moderate Buy” and an average target price of $148.62.

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.