Kayne Anderson Capital Advisors LP Sells 27,729 Shares of Cameco Corporation $CCJ

Kayne Anderson Capital Advisors LP reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 67.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,681 shares of the basic materials company’s stock after selling 27,729 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Cameco were worth $1,147,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Abbington Investment Group acquired a new stake in Cameco in the third quarter valued at about $6,506,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cameco by 79.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock worth $20,964,000 after acquiring an additional 110,629 shares during the last quarter. Nwam LLC boosted its stake in shares of Cameco by 11.7% in the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after purchasing an additional 8,519 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Cameco by 165.1% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company’s stock valued at $12,593,000 after purchasing an additional 105,523 shares in the last quarter. Finally, NWF Advisory Services Inc. bought a new stake in shares of Cameco during the 3rd quarter valued at approximately $1,996,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. National Bank Financial reissued an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. UBS Group assumed coverage on Cameco in a research note on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target for the company. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. Finally, Glj Research restated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.03.

Cameco Trading Up 1.8%

Shares of NYSE CCJ opened at $120.92 on Wednesday. The firm has a 50 day moving average price of $110.04 and a two-hundred day moving average price of $94.12. The stock has a market cap of $52.66 billion, a P/E ratio of 124.66 and a beta of 0.99. 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 issued its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. Cameco’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, equities analysts forecast that Cameco Corporation will post 1.27 EPS 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.