Nations Financial Group Inc. IA ADV Sells 19,534 Shares of Cameco Corporation $CCJ

Nations Financial Group Inc. IA ADV lessened its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 82.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,281 shares of the basic materials company’s stock after selling 19,534 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Cameco were worth $465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Founders Capital Management bought a new position in shares of Cameco during the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. bought a new position in shares of Cameco during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its position in Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new stake in Cameco in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the topic of several research reports. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair initiated coverage on shares of Cameco in a research note on Monday, April 20th. They set an “outperform” rating for the company. Canadian Imperial Bank of Commerce lifted their price objective on shares of Cameco to $202.00 in a report on Monday, March 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research report on Monday, June 15th. Finally, Scotiabank restated an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco Price Performance

NYSE:CCJ opened at $106.47 on Thursday. Cameco Corporation has a 52-week low of $68.96 and a 52-week high of $135.24. The company has a market cap of $46.37 billion, a P/E ratio of 98.59, a P/E/G ratio of 1.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The stock’s 50-day simple moving average is $112.05 and its 200 day simple moving average is $110.27.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, sell-side analysts forecast that Cameco Corporation will post 1.21 EPS for the current fiscal year.

Cameco 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.