Brian Low Financial Group LLC Sells 5,867 Shares of Cameco Corporation $CCJ

Brian Low Financial Group LLC trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 43.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,763 shares of the basic materials company’s stock after selling 5,867 shares during the quarter. Brian Low Financial Group LLC’s holdings in Cameco were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Bison Wealth LLC lifted its position in Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after acquiring an additional 2,975 shares during the last quarter. AQR Capital Management LLC grew its holdings in 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 purchasing an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in 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 purchasing an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 purchasing an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund acquired a new position in shares of Cameco during the second quarter worth $14,252,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Down 2.2%

Shares of Cameco stock opened at $106.47 on Thursday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 98.59, a PEG ratio of 1.99 and a beta of 0.99. The firm’s 50 day simple moving average is $112.05 and its two-hundred day simple moving average is $110.27.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Analysts predict that Cameco Corporation will post 1.21 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price objective on shares of Cameco in a report on Monday, June 15th. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Canadian Imperial Bank of Commerce upped their target price on Cameco to $202.00 in a research report on Monday, March 9th. Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Finally, TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Company 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.