Neuberger Berman Group LLC decreased its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 38.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,321 shares of the basic materials company’s stock after selling 16,390 shares during the period. Neuberger Berman Group LLC’s holdings in Cameco were worth $300,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Cameco in the 3rd quarter worth approximately $125,000. Morgan Stanley lifted its holdings in shares of Cameco by 1.1% in the 2nd quarter. Morgan Stanley now owns 4,497,101 shares of the basic materials company’s stock worth $50,593,000 after purchasing an additional 50,015 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Cameco by 693.5% in the 2nd quarter. Janus Henderson Group PLC now owns 515,819 shares of the basic materials company’s stock worth $5,808,000 after purchasing an additional 450,810 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Cameco by 60.6% in the 2nd quarter. Raymond James & Associates now owns 138,947 shares of the basic materials company’s stock worth $1,563,000 after purchasing an additional 52,417 shares during the last quarter. Finally, First Manhattan Co. lifted its holdings in shares of Cameco by 52.2% in the 3rd quarter. First Manhattan Co. now owns 117,800 shares of the basic materials company’s stock worth $1,342,000 after purchasing an additional 40,400 shares during the last quarter. 48.45% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on CCJ. TheStreet raised Cameco from a “d+” rating to a “c” rating in a report on Monday, November 5th. Royal Bank of Canada raised their price target on Cameco from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, November 5th. Bank of America raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. Zacks Investment Research raised Cameco from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, November 12th. Finally, Rosenblatt Securities downgraded Cameco to a “hold” rating in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.00.
Shares of Cameco stock opened at $12.12 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 2.14. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 101.00 and a beta of 0.91. Cameco Corp has a 1-year low of $8.34 and a 1-year high of $12.78.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Friday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.12. The firm had revenue of $488.00 million for the quarter, compared to the consensus estimate of $576.92 million. Cameco had a positive return on equity of 3.99% and a negative net margin of 2.65%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.13) EPS. On average, research analysts forecast that Cameco Corp will post 0.2 EPS for the current fiscal year.
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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