King Luther Capital Management Corp Raises Stock Position in Cameco Corporation $CCJ

King Luther Capital Management Corp grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,065,310 shares of the basic materials company’s stock after acquiring an additional 71,283 shares during the period. King Luther Capital Management Corp owned about 0.24% of Cameco worth $89,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CCJ. L & S Advisors Inc grew its position in shares of Cameco by 35.5% during the third quarter. L & S Advisors Inc now owns 73,674 shares of the basic materials company’s stock worth $6,178,000 after purchasing an additional 19,292 shares in the last quarter. Essex Financial Services Inc. grew its holdings in Cameco by 7.6% during the 3rd quarter. Essex Financial Services Inc. now owns 4,177 shares of the basic materials company’s stock valued at $350,000 after buying an additional 295 shares in the last quarter. Syon Capital LLC raised its position in shares of Cameco by 16.1% during the third quarter. Syon Capital LLC now owns 8,121 shares of the basic materials company’s stock valued at $681,000 after buying an additional 1,124 shares during the last quarter. Burke & Herbert Bank & Trust Co. lifted its holdings in shares of Cameco by 7.3% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 14,000 shares of the basic materials company’s stock worth $1,174,000 after buying an additional 950 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.3% in the third quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company’s stock worth $1,493,978,000 after buying an additional 235,613 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the topic of a number of research reports. National Bank Financial reiterated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Scotiabank reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Royal Bank Of Canada lifted their price objective on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $143.03.

Cameco Price Performance

CCJ stock opened at $116.56 on Thursday. The stock has a market cap of $50.77 billion, a PE ratio of 120.17 and a beta of 0.99. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $135.24. The company has a 50-day moving average price of $107.72 and a 200 day moving average price of $92.76. The company has a current ratio of 2.47, a quick ratio of 1.85 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

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.