De Lisle Partners LLP Sells 30,000 Shares of Cameco Corporation $CCJ

De Lisle Partners LLP lessened its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 467,361 shares of the basic materials company’s stock after selling 30,000 shares during the period. Cameco comprises 5.5% of De Lisle Partners LLP’s holdings, making the stock its 2nd largest holding. De Lisle Partners LLP owned 0.11% of Cameco worth $42,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in shares of Cameco during the 4th quarter worth approximately $25,000. Founders Capital Management bought a new position in Cameco in the 4th quarter valued at approximately $27,000. Strategic Advocates LLC bought a new position in Cameco in the 3rd quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its stake in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Finally, Delos Wealth Advisors LLC lifted its stake in Cameco by 60.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $100.94 on Friday. The company has a fifty day moving average price of $113.12 and a 200-day moving average price of $109.09. The company has a market capitalization of $43.96 billion, a P/E ratio of 93.47, a PEG ratio of 1.68 and a beta of 0.99. 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.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (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 firm had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts expect that Cameco Corporation will post 1.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on CCJ shares. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective for the company. William Blair started coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. Scotiabank reissued an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price target on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

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.