Cameco Corporation $CCJ Shares Sold by Brian Low Financial Group LLC

Brian Low Financial Group LLC lowered its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 43.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,763 shares of the basic materials company’s stock after selling 5,867 shares during the period. Brian Low Financial Group LLC’s holdings in Cameco were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after acquiring an additional 258,193 shares during the period. Capital World Investors increased its stake in shares of Cameco by 0.3% in the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after acquiring an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after acquiring an additional 85,762 shares during the period. Van ECK Associates Corp increased its stake in shares of Cameco by 15.6% in the fourth quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock worth $575,771,000 after acquiring an additional 849,188 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Cameco by 7.0% during the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock worth $455,468,000 after purchasing an additional 323,693 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE CCJ opened at $106.47 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The stock has a market capitalization of $46.37 billion, a price-to-earnings ratio of 98.59, a PEG ratio of 1.99 and a beta of 0.99. The firm’s 50 day simple moving average is $112.05 and its 200-day simple moving average is $110.27. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. William Blair initiated coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating for the company. Canadian Imperial Bank of Commerce boosted their price objective on Cameco to $202.00 in a report on Monday, March 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a report on Monday, June 15th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.42.

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.