Summit Trail Advisors LLC raised its holdings in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 1,113.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 670,621 shares of the basic materials company’s stock after purchasing an additional 615,375 shares during the period. Summit Trail Advisors LLC’s holdings in Cameco were worth $671,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Usca Ria LLC purchased a new stake in shares of Cameco in the first quarter valued at about $103,000. Timber Hill LLC purchased a new stake in shares of Cameco in the fourth quarter valued at about $117,000. Glenmede Trust Co. NA lifted its holdings in shares of Cameco by 510.6% in the fourth quarter. Glenmede Trust Co. NA now owns 13,390 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 11,197 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in shares of Cameco in the fourth quarter valued at about $132,000. Finally, Pitcairn Co. purchased a new stake in shares of Cameco in the first quarter valued at about $145,000. 52.65% of the stock is currently owned by institutional investors.
CCJ has been the topic of several recent research reports. Zacks Investment Research raised shares of Cameco from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday, April 30th. TheStreet raised shares of Cameco from a “d+” rating to a “c-” rating in a report on Tuesday, April 24th. ValuEngine raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Royal Bank of Canada downgraded shares of Cameco from an “outperform” rating to a “sector perform” rating in a report on Tuesday, May 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Cameco has a consensus rating of “Hold” and an average price target of $19.00.
Shares of Cameco opened at $11.10 on Friday, according to Marketbeat.com. Cameco Corp has a 1 year low of $7.68 and a 1 year high of $12.19. The company has a market cap of $4.54 billion, a P/E ratio of 92.50 and a beta of 1.10. The company has a current ratio of 6.66, a quick ratio of 3.77 and a debt-to-equity ratio of 0.30.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, April 27th. The basic materials company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.07. Cameco had a positive return on equity of 2.29% and a negative net margin of 6.12%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $359.71 million. During the same period last year, the firm posted ($0.07) earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. equities analysts predict that Cameco Corp will post 0.72 EPS for the current year.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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