Cameco Co. (NYSE:CCJ) Holdings Cut by Kore Private Wealth LLC

Kore Private Wealth LLC decreased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,945 shares of the basic materials company’s stock after selling 1,497 shares during the quarter. Kore Private Wealth LLC’s holdings in Cameco were worth $574,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC acquired a new position in Cameco in the 2nd quarter valued at $29,000. Fifth Third Bancorp raised its stake in shares of Cameco by 543.6% during the second quarter. Fifth Third Bancorp now owns 1,757 shares of the basic materials company’s stock worth $34,000 after buying an additional 1,484 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Cameco during the second quarter valued at approximately $46,000. Captrust Financial Advisors grew its holdings in Cameco by 114.2% during the first quarter. Captrust Financial Advisors now owns 2,622 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,398 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in shares of Cameco in the second quarter valued at approximately $113,000. Institutional investors and hedge funds own 60.11% of the company’s stock.

CCJ has been the topic of several analyst reports. Scotiabank upped their price target on shares of Cameco from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada upgraded shares of Cameco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, September 2nd. Zacks Investment Research upgraded shares of Cameco from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 16th. TD Securities upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a C$35.00 price objective for the company in a report on Tuesday, September 28th. Finally, Canaccord Genuity raised their price target on shares of Cameco from C$27.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, September 23rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $28.43.

Shares of NYSE:CCJ opened at $25.64 on Thursday. The stock’s 50-day simple moving average is $20.22 and its two-hundred day simple moving average is $19.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.98 and a current ratio of 7.94. Cameco Co. has a 52-week low of $9.01 and a 52-week high of $26.57. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of -641.00 and a beta of 1.03.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, July 27th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.12). The firm had revenue of $292.25 million for the quarter. Cameco had a negative net margin of 1.50% and a negative return on equity of 1.97%. As a group, equities analysts forecast that Cameco Co. will post -0.14 earnings per share for the current fiscal year.

Cameco Profile

Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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