Hennion & Walsh Asset Management Inc. Acquires 6,247 Shares of Cameco Corporation $CCJ

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 45.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,115 shares of the basic materials company’s stock after purchasing an additional 6,247 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Cameco were worth $1,840,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bison Wealth LLC grew its stake in Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after buying an additional 2,975 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after buying an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after buying an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after acquiring an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund bought a new stake in shares of Cameco during the 2nd quarter worth $14,252,000. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Glj Research reaffirmed a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research report on Wednesday, February 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and an average target price of $150.40.

Cameco Price Performance

CCJ stock opened at $111.14 on Thursday. The firm has a market cap of $48.41 billion, a P/E ratio of 114.58 and a beta of 1.02. The firm’s fifty day moving average is $115.76 and its 200 day moving average is $100.49. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47.

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

About Cameco

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.