WINTON GROUP Ltd Buys 61,672 Shares of Cameco Corporation $CCJ

WINTON GROUP Ltd raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 80.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,272 shares of the basic materials company’s stock after acquiring an additional 61,672 shares during the period. WINTON GROUP Ltd’s holdings in Cameco were worth $12,651,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Clearstead Advisors LLC grew its position in 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 acquiring an additional 85 shares during the period. Legacy Bridge LLC grew its position in Cameco by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 100 shares during the period. S.A. Mason LLC grew its position 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 period. GAMMA Investing LLC grew its position 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 period. Finally, Kingsview Wealth Management LLC grew its position in Cameco by 3.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 114 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Down 9.2%

Shares of CCJ opened at $103.52 on Friday. 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 12-month low of $59.25 and a 12-month high of $135.24. The firm has a market capitalization of $45.09 billion, a PE ratio of 95.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The stock’s fifty day simple moving average is $113.70 and its 200-day simple moving average is $108.47.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CCJ. Glj Research restated a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Scotiabank restated an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. William Blair began coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a report on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.62.

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.