Engle Capital Management L.P. Acquires Shares of 46,230 Cameco Corporation $CCJ

Engle Capital Management L.P. acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,230 shares of the basic materials company’s stock, valued at approximately $4,233,000. Cameco accounts for about 1.6% of Engle Capital Management L.P.’s holdings, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Manhattan CO. LLC. purchased a new position in Cameco during the fourth quarter valued at $200,000. Asset One Wealth Management LLC purchased a new position in Cameco during the fourth quarter valued at $2,284,000. Ardsley Advisory Partners LP lifted its position in Cameco by 250.0% during the fourth quarter. Ardsley Advisory Partners LP now owns 35,000 shares of the basic materials company’s stock valued at $3,202,000 after buying an additional 25,000 shares during the period. Align Financial LLC purchased a new position in Cameco during the fourth quarter valued at $1,866,000. Finally, Altshuler Shaham Ltd lifted its position in Cameco by 7.5% during the fourth quarter. Altshuler Shaham Ltd now owns 24,009 shares of the basic materials company’s stock valued at $2,197,000 after buying an additional 1,672 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of analyst reports. William Blair initiated coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Glj Research reaffirmed 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. Barclays initiated coverage on Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a research report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco Trading Down 2.0%

NYSE:CCJ opened at $105.70 on Thursday. The company’s 50 day moving average price is $112.82 and its 200-day moving average price is $109.66. Cameco Corporation has a 52 week low of $67.60 and a 52 week high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The stock has a market cap of $46.04 billion, a price-to-earnings ratio of 97.87, a PEG ratio of 1.97 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts forecast that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

About Cameco

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.