Beck Capital Management LLC Has $12.17 Million Stock Position in Cameco Corporation $CCJ

Beck Capital Management LLC lowered its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,992 shares of the basic materials company’s stock after selling 5,578 shares during the period. Cameco comprises about 2.9% of Beck Capital Management LLC’s holdings, making the stock its 7th largest holding. Beck Capital Management LLC’s holdings in Cameco were worth $12,167,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CCJ. Bison Wealth LLC lifted its stake in Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after buying an additional 1,361 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Cameco by 48.7% in the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after buying an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cameco by 11.9% in the first 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 buying an additional 64,512 shares during the period. Finally, NewGen Equity Long Short Fund purchased a new position in shares of Cameco in the second quarter worth about $14,252,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the topic of a number of research analyst reports. Barclays initiated coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce boosted their price target on Cameco to $202.00 in a report on Monday, March 9th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $148.62.

Cameco Trading Up 2.0%

Shares of CCJ stock opened at $100.94 on Friday. Cameco Corporation has a 52-week low of $64.84 and a 52-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 firm has a market capitalization of $43.96 billion, a PE ratio of 93.47, a PEG ratio of 1.68 and a beta of 0.99. The stock has a fifty day simple moving average of $113.12 and a two-hundred day simple moving average of $109.09.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $598.63 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Cameco Corporation will post 1.31 EPS for the current fiscal year.

About Cameco

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.