Acasta Partners UK LLP Acquires Shares of 16,015 Cameco Corporation $CCJ

Acasta Partners UK LLP bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, Holdings Channel.com reports. The fund bought 16,015 shares of the basic materials company’s stock, valued at approximately $1,466,000. Cameco makes up approximately 0.5% of Acasta Partners UK LLP’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also modified their holdings of CCJ. Nisa Investment Advisors LLC purchased a new position in shares of Cameco in the fourth quarter worth about $25,000. Founders Capital Management purchased a new stake in Cameco during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its stake in Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 307 shares in the last quarter. Strategic Advocates LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $28,000. Finally, Sunbelt Securities Inc. grew its holdings 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 buying an additional 325 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCJ. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Barclays began coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. William Blair began coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. 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. Finally, TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Performance

Shares of CCJ stock opened at $100.94 on Friday. The firm has a 50 day moving average of $113.12 and a two-hundred day moving average of $109.09. The stock has a market capitalization of $43.96 billion, a PE ratio of 93.47, a P/E/G ratio of 1.71 and a beta of 0.99. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52 week low of $64.84 and a 52 week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, research analysts predict that Cameco Corporation will post 1.31 EPS for the current fiscal year.

Cameco 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.