19,463 Shares in Cameco Corporation $CCJ Acquired by Manhattan West Asset Management LLC

Manhattan West Asset Management LLC acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,463 shares of the basic materials company’s stock, valued at approximately $1,983,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. bought a new position in shares of Cameco in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of Cameco during the 1st quarter worth $30,000. Sunbelt Securities Inc. lifted its position in shares of Cameco by 928.6% during the 3rd 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. Finally, Brown Lisle Cummings Inc. boosted its stake in Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of recent analyst reports. Barclays decreased their target price on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 price target on shares of Cameco in a research note on Monday, June 15th. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Finally, Scotiabank reissued an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.68.

Cameco Price Performance

Cameco stock opened at $102.55 on Friday. The stock has a 50-day moving average price of $96.21 and a two-hundred day moving average price of $107.49. Cameco Corporation has a 12 month low of $72.75 and a 12 month high of $135.24. The company has a market capitalization of $44.66 billion, a PE ratio of 173.81, a P/E/G ratio of 1.63 and a beta of 1.05. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14.

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

Cameco Company Profile

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.