Cameco Corporation $CCJ Holdings Trimmed by Vigilare Wealth Management

Vigilare Wealth Management reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 61.3% during the second quarter, Holdings Channel.com reports. The fund owned 4,203 shares of the basic materials company’s stock after selling 6,671 shares during the quarter. Vigilare Wealth Management’s holdings in Cameco were worth $428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Cameco in the 4th quarter valued at about $443,265,000. Marshall Wace LLP grew its stake in shares of Cameco by 7,481.3% in the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cameco by 14,338.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock worth $101,744,000 after purchasing an additional 1,104,378 shares in the last quarter. Man Group plc raised its holdings in shares of Cameco by 126.3% in the 3rd quarter. Man Group plc now owns 1,698,728 shares of the basic materials company’s stock worth $142,455,000 after purchasing an additional 948,068 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Cameco by 1,339.8% during the fourth quarter. Corient Private Wealth LLC now owns 964,552 shares of the basic materials company’s stock valued at $88,247,000 after purchasing an additional 897,558 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Up 4.0%

NYSE:CCJ opened at $89.85 on Tuesday. The business’s fifty day moving average price is $99.15 and its 200 day moving average price is $109.78. The firm has a market capitalization of $39.13 billion, a price-to-earnings ratio of 152.29, a PEG ratio of 1.36 and a beta of 1.05. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 7.64% and a net margin of 10.20%.The business had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that Cameco Corporation will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. William Blair assumed coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Cameco in a report on Monday, June 15th. Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Citigroup reissued a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Finally, Barclays decreased their target price on Cameco from $108.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.18.

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.