Kestra Advisory Services LLC Purchases 19,558 Shares of Cameco Corporation $CCJ

Kestra Advisory Services LLC increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,242 shares of the basic materials company’s stock after acquiring an additional 19,558 shares during the period. Kestra Advisory Services LLC’s holdings in Cameco were worth $15,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CCJ. Norges Bank acquired a new position in Cameco during the fourth quarter valued at approximately $443,265,000. Marshall Wace LLP lifted its stake in Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the last quarter. Mizuho Markets Cayman LP acquired a new stake in shares of Cameco in the 3rd quarter valued at $128,370,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cameco by 14,338.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after purchasing an additional 1,104,378 shares in the last quarter. Finally, Man Group plc increased its stake in shares of Cameco by 126.3% in the 3rd quarter. Man Group plc now owns 1,698,728 shares of the basic materials company’s stock valued at $142,455,000 after purchasing an additional 948,068 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair assumed coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Barclays started coverage on Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price for the company. Finally, Bank of America dropped their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.11.

Cameco Trading Up 0.3%

Shares of Cameco stock traded up $0.32 on Friday, hitting $96.06. The stock had a trading volume of 2,321,727 shares, compared to its average volume of 2,667,316. The stock has a 50 day moving average of $106.85 and a 200 day moving average of $110.81. The firm has a market capitalization of $41.84 billion, a P/E ratio of 88.94, a PEG ratio of 1.68 and a beta of 1.02. Cameco Corporation has a twelve month low of $68.96 and a twelve month high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Cameco Corporation will post 1.2 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.