Myriad Asset Management US LP Sells 14,080 Shares of Cameco Corporation $CCJ

Myriad Asset Management US LP lowered its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 72.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,478 shares of the basic materials company’s stock after selling 14,080 shares during the quarter. Cameco makes up about 0.8% of Myriad Asset Management US LP’s investment portfolio, making the stock its 29th largest holding. Myriad Asset Management US LP’s holdings in Cameco were worth $501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Cameco by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 112 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Cameco by 3.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock valued at $330,000 after purchasing an additional 120 shares during the last quarter. Lee Johnson Capital Management LLC grew its holdings in Cameco by 1.2% during the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after purchasing an additional 127 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Cameco by 9.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,691 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 145 shares during the period. Finally, Delos Wealth Advisors LLC increased its position in Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after buying an additional 150 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ opened at $112.52 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock has a market cap of $49.01 billion, a PE ratio of 116.00 and a beta of 1.02. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The business has a 50-day simple moving average of $115.35 and a two-hundred day simple moving average of $100.90.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. Analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on CCJ. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Glj Research reissued a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Finally, TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco presently has an average rating of “Moderate Buy” and an average price target of $150.40.

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.