Cameco Corporation $CCJ Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC lessened its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 46.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,723 shares of the basic materials company’s stock after selling 44,443 shares during the period. Fred Alger Management LLC’s holdings in Cameco were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Cameco by 50.8% in the 4th quarter. Northern Trust Corp now owns 367,299 shares of the basic materials company’s stock worth $18,875,000 after acquiring an additional 123,684 shares during the period. Bison Wealth LLC increased 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 purchasing an additional 2,975 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Cameco by 8,363.6% during the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 920 shares during the period. EP Wealth Advisors LLC raised its stake in Cameco by 21.7% during the 4th quarter. EP Wealth Advisors LLC now owns 8,420 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 1,499 shares during the period. Finally, Deutsche Bank AG raised its position in Cameco by 6.8% during the fourth quarter. Deutsche Bank AG now owns 638,610 shares of the basic materials company’s stock valued at $32,818,000 after buying an additional 40,667 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ stock opened at $77.39 on Wednesday. The stock has a market capitalization of $33.69 billion, a PE ratio of 88.95 and a beta of 1.04. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $83.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company has a 50 day moving average price of $75.81 and a 200 day moving average price of $59.27.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $467.72 million for the quarter, compared to analysts’ expectations of $819.79 million. During the same quarter last year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CCJ shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. CLSA assumed coverage on shares of Cameco in a research report on Tuesday. They issued an “outperform” rating and a $102.00 price target on the stock. National Bankshares reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 22nd. Wall Street Zen raised shares of Cameco from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Glj Research reiterated a “buy” rating and issued a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.05.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. 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.