Alpine Woods Capital Investors LLC Sells 3,157 Shares of Cameco Corporation $CCJ

Alpine Woods Capital Investors LLC trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 34.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,092 shares of the basic materials company’s stock after selling 3,157 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Cameco were worth $452,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont increased its stake in shares of Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after buying an additional 350 shares during the period. Hilltop National Bank purchased a new position in shares of Cameco in the second quarter worth $30,000. Atticus Wealth Management LLC purchased a new position in shares of Cameco in the second quarter worth $34,000. Manchester Capital Management LLC increased its stake in shares of Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after buying an additional 300 shares during the period. Finally, Dagco Inc. purchased a new position in shares of Cameco in the first quarter worth $28,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CCJ. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cameco in a research note on Wednesday, October 8th. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research note on Tuesday, July 8th. UBS Group set a $102.00 target price on shares of Cameco in a research note on Tuesday, September 9th. National Bankshares reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 22nd. Finally, CLSA assumed coverage on shares of Cameco in a research report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and an average price target of $89.55.

Cameco Stock Up 6.3%

Shares of Cameco stock opened at $92.09 on Tuesday. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $80.01 and its two-hundred day simple moving average is $66.32. The company has a market cap of $40.09 billion, a P/E ratio of 105.85 and a beta of 0.99. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $94.36.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company’s quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.