Ritholtz Wealth Management Has $1.25 Million Stock Holdings in Cameco Corporation $CCJ

Ritholtz Wealth Management boosted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 73.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,491 shares of the basic materials company’s stock after acquiring an additional 4,869 shares during the quarter. Ritholtz Wealth Management’s holdings in Cameco were worth $1,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Clearstead Advisors LLC increased its stake in shares of Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after buying an additional 85 shares during the period. Legacy Bridge LLC lifted its stake in shares of Cameco by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after acquiring an additional 100 shares during the period. Groupama Asset Managment lifted its stake in shares of Cameco by 5.9% in the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 108 shares during the period. S.A. Mason LLC boosted its holdings in Cameco by 4.8% in the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Cameco by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 112 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 0.1%

NYSE CCJ opened at $104.54 on Monday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $111.50 and a 200 day simple moving average of $110.46. 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 $45.53 billion, a P/E ratio of 96.80, a PEG ratio of 1.91 and a beta of 0.99.

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 for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’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 company earned $0.16 earnings per share. On average, analysts predict that Cameco Corporation will post 1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Barclays started 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 for the company. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Cameco to $202.00 in a report on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.