Cameco Corporation $CCJ Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

by · The Cerbat Gem

W.G. Shaheen & Associates DBA Whitney & Co lowered its position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 70.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,825 shares of the basic materials company’s stock after selling 92,301 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Cameco were worth $4,217,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bison Wealth LLC lifted its position in Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after purchasing an additional 2,975 shares during the period. AQR Capital Management LLC boosted its holdings in Cameco by 16.6% in the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares during the period. Finally, NewGen Equity Long Short Fund acquired a new position in Cameco during the 2nd quarter worth approximately $14,252,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the subject of several recent analyst reports. Barclays reduced their price target on Cameco from $108.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup reaffirmed a “positive” rating on shares of Cameco in a report on Wednesday. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Bank of America reduced their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Truist Financial assumed coverage on shares of Cameco in a research report on Monday. They set a “buy” rating and a $129.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.18.

View Our Latest Stock Report on CCJ

Cameco Price Performance

Shares of NYSE:CCJ opened at $87.50 on Friday. The business’s 50 day simple moving average is $104.45 and its 200-day simple moving average is $110.85. The firm has a market capitalization of $38.11 billion, a price-to-earnings ratio of 81.02, a price-to-earnings-growth ratio of 1.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. As a group, equities analysts forecast that Cameco Corporation will post 1.29 earnings per share for the current fiscal year.

Cameco Profile

(Free Report)

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.

Further Reading

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