Corient Private Wealth LLC Decreases Holdings in Cameco Co. (NYSE:CCJ)

Corient Private Wealth LLC trimmed its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 73,350 shares of the basic materials company’s stock after selling 1,478 shares during the period. Corient Private Wealth LLC’s holdings in Cameco were worth $3,769,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CCJ. Old West Investment Management LLC boosted its position in Cameco by 10.4% during the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock worth $13,472,000 after purchasing an additional 26,584 shares during the period. Empowered Funds LLC purchased a new position in Cameco in the 3rd quarter valued at about $768,000. PNC Financial Services Group Inc. boosted its position in Cameco by 1.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 154,972 shares of the basic materials company’s stock valued at $7,401,000 after buying an additional 1,830 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in Cameco by 15.0% in the 3rd quarter. Moors & Cabot Inc. now owns 8,649 shares of the basic materials company’s stock valued at $413,000 after buying an additional 1,125 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of analyst reports. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Finally, Glj Research increased their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and an average price target of $73.64.

Cameco Price Performance

CCJ opened at $44.62 on Friday. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 159.34 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company’s 50-day moving average price is $47.03 and its 200 day moving average price is $50.10. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.