Union Bancaire Privee UBP SA Has $5.73 Million Stake in Cameco Corporation $CCJ

Union Bancaire Privee UBP SA raised its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 106.1% in the first quarter, Holdings Channel reports. The fund owned 52,746 shares of the basic materials company’s stock after buying an additional 27,155 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Cameco were worth $5,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bison Wealth LLC increased its stake in shares of Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the period. AQR Capital Management LLC boosted its stake in Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 1,361 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Cameco by 48.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after buying an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cameco by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after buying an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund bought a new position in Cameco in the 2nd quarter worth approximately $14,252,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on CCJ shares. Barclays assumed coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target for the company. Scotiabank restated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. William Blair began coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Canadian Imperial Bank of Commerce upped their target price on shares of Cameco to $202.00 in a research note on Monday, March 9th. Finally, Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.42.

Cameco Trading Up 0.9%

Shares of CCJ opened at $104.54 on Friday. The stock’s 50-day moving average price is $111.50 and its 200 day moving average price is $110.32. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $45.53 billion, a price-to-earnings ratio of 96.80, a P/E/G ratio of 1.91 and a beta of 0.99. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the company earned $0.16 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that Cameco Corporation will post 1.21 earnings per share for the current 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.