1832 Asset Management L.P. Buys 153,512 Shares of Cameco Co. (NYSE:CCJ)

1832 Asset Management L.P. boosted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 45.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,792 shares of the basic materials company’s stock after acquiring an additional 153,512 shares during the period. 1832 Asset Management L.P. owned 0.11% of Cameco worth $21,391,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in Cameco by 235.3% in the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Cameco during the 4th quarter worth approximately $29,000. Sandy Spring Bank bought a new position in shares of Cameco during the 4th quarter worth approximately $43,000. Lindbrook Capital LLC boosted its holdings in shares of Cameco by 26.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after buying an additional 221 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of Cameco stock traded up $0.61 during trading hours on Friday, hitting $45.19. 3,115,481 shares of the company’s stock traded hands, compared to its average volume of 2,980,368. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 115.87 and a beta of 0.91. Cameco Co. has a 12-month low of $31.58 and a 12-month high of $56.24. The company has a fifty day simple moving average of $51.30 and a 200-day simple moving average of $47.81.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.23). The firm had revenue of $470.29 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. Equities research analysts anticipate that Cameco Co. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CCJ shares. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Bank of America increased their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group upped their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.