Private Advisor Group LLC Acquires Shares of 56,899 Cameco Co. (NYSE:CCJ)

Posted by on Aug 27th, 2023

Private Advisor Group LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,899 shares of the basic materials company’s stock, valued at approximately $1,489,000.

A number of other hedge funds have also recently bought and sold shares of the business. Clearview Wealth Advisors LLC acquired a new position in shares of Cameco in the 1st quarter worth approximately $25,000. Global Retirement Partners LLC grew its position in shares of Cameco by 291.3% in the 1st quarter. Global Retirement Partners LLC now owns 1,209 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 900 shares in the last quarter. Crewe Advisors LLC grew its position in shares of Cameco by 1,175.8% in the 4th quarter. Crewe Advisors LLC now owns 1,263 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,164 shares in the last quarter. Ahrens Investment Partners LLC acquired a new position in shares of Cameco in the 1st quarter worth approximately $37,000. Finally, 1832 Asset Management L.P. grew its position in shares of Cameco by 61.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 650 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Cameco Trading Up 1.8 %

Shares of NYSE CCJ opened at $36.38 on Friday. The stock’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $29.19. The company has a current ratio of 3.64, a quick ratio of 3.00 and a debt-to-equity ratio of 0.08. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 242.53, a price-to-earnings-growth ratio of 0.79 and a beta of 0.99. Cameco Co. has a 12-month low of $21.02 and a 12-month high of $36.53.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). The business had revenue of $482.00 million for the quarter, compared to the consensus estimate of $636.37 million. Cameco had a net margin of 4.67% and a return on equity of 2.74%. The firm’s revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Equities research analysts expect that Cameco Co. will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CCJ shares. Scotiabank decreased their target price on Cameco from C$50.00 to C$49.00 in a research report on Wednesday, June 28th. TD Securities raised their price target on Cameco from C$51.00 to C$55.00 and gave the stock an “action list buy” rating in a report on Thursday, August 3rd. Raymond James raised their price target on Cameco from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, StockNews.com initiated coverage on Cameco in a report on Thursday, August 17th. They issued a “sell” rating on the stock.

Read Our Latest Stock Analysis on CCJ

Cameco Company Profile

(Free Report)

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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