OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $653,000 Stock Holdings in Cameco Corporation $CCJ

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 84.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,138 shares of the basic materials company’s stock after selling 40,027 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cameco were worth $653,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CCJ. Clearstead Advisors LLC boosted its holdings in shares of Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after buying an additional 85 shares during the period. Legacy Bridge LLC raised its holdings in shares of 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 period. Groupama Asset Managment raised its holdings in shares of Cameco by 5.9% during 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 during the period. S.A. Mason LLC lifted its position in Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Cameco by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 112 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CCJ shares. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. William Blair began coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating on the stock. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Barclays assumed coverage on Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Stock Up 0.1%

Cameco stock opened at $106.57 on Friday. 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 $67.60 and a 1-year high of $135.24. The company has a fifty day simple moving average of $112.56 and a 200 day simple moving average of $109.76. The company has a market cap of $46.41 billion, a P/E ratio of 98.68, a price-to-earnings-growth ratio of 1.94 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the previous year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts anticipate that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

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.