WINTON GROUP Ltd Acquires 33,153 Shares of Cameco Corporation $CCJ

WINTON GROUP Ltd lifted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,300 shares of the basic materials company’s stock after purchasing an additional 33,153 shares during the quarter. WINTON GROUP Ltd’s holdings in Cameco were worth $14,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CCJ. Sterling Capital Management LLC bought a new stake in Cameco in the first quarter worth $30,000. Brown Lisle Cummings Inc. increased its position in Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after buying an additional 288 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Cameco during the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd raised its holdings in Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 1.4%

CCJ stock opened at $100.56 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10. Cameco Corporation has a 52-week low of $77.53 and a 52-week high of $135.24. The company has a 50-day moving average of $95.27 and a two-hundred day moving average of $106.05. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 170.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The business had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, equities research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent analyst reports. Truist Financial upped their price target on Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group started coverage on Cameco in a report on Thursday, September 3rd. They issued a “buy” rating and a $138.00 target price for the company. Bank of America decreased their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wall Street Zen upgraded Cameco from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and a consensus target price of $148.68.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. Established in 1988 through the merger of Saskatchewan Mining Development Corporation and Eldorado Nuclear Limited, Cameco is one of the world’s largest publicly traded uranium producers.

The company explores, develops and operates uranium mines, primarily in Canada, the United States and Kazakhstan. Its assets include the McArthur River and Cigar Lake operations in northern Saskatchewan, as well as interests in the Inkai operation in Kazakhstan.