Cameco Corporation $CCJ Shares Bought by KADENSA CAPITAL Ltd

KADENSA CAPITAL Ltd raised its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 3,244.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,929 shares of the basic materials company’s stock after purchasing an additional 109,552 shares during the quarter. KADENSA CAPITAL Ltd’s holdings in Cameco were worth $9,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bison Wealth LLC boosted its stake in shares of Cameco by 16.1% in the fourth 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 during the last quarter. AQR Capital Management LLC lifted its holdings in Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 1,361 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Cameco by 48.7% in the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cameco by 11.9% in 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 purchasing an additional 64,512 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in shares of Cameco during the 2nd quarter worth approximately $406,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCJ. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Glj Research reiterated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and an average price target of $150.40.

Cameco Trading Down 6.4%

Shares of CCJ stock opened at $107.92 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. The company has a market cap of $47.00 billion, a price-to-earnings ratio of 111.26 and a beta of 0.98. The stock has a 50 day simple moving average of $116.55 and a 200-day simple moving average of $97.94. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24.

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

Cameco 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.