Engle Capital Management L.P. Has $3.35 Million Stock Holdings in Cameco Corporation $CCJ

Engle Capital Management L.P. reduced its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 33.3% in the 1st quarter, HoldingsChannel reports. The firm owned 30,833 shares of the basic materials company’s stock after selling 15,397 shares during the period. Cameco makes up about 1.1% of Engle Capital Management L.P.’s portfolio, making the stock its 21st largest position. Engle Capital Management L.P.’s holdings in Cameco were worth $3,352,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC bought a new stake in Cameco in the first quarter valued at approximately $30,000. Nisa Investment Advisors LLC bought a new position in shares of Cameco during the 4th quarter worth approximately $25,000. Brown Lisle Cummings Inc. boosted its stake in shares of Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 288 shares during the period. Founders Capital Management acquired a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Cameco during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CCJ. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Truist Financial began coverage on shares of Cameco in a research report on Monday, July 13th. They set a “buy” rating and a $129.00 price objective for the company. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Bank of America decreased their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.18.

Cameco Stock Up 1.6%

CCJ opened at $89.29 on Tuesday. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The company has a market capitalization of $38.89 billion, a P/E ratio of 82.68, a P/E/G ratio of 1.39 and a beta of 1.02. The stock has a fifty day moving average of $100.89 and a 200-day moving average of $110.48.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 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 business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same period in the prior year, the company posted $0.16 earnings per share. Cameco’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Cameco Corporation will post 1.34 EPS for the current year.

Cameco 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.