Cameco Corporation $CCJ Shares Sold by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 75.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,343 shares of the basic materials company’s stock after selling 67,181 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Cameco were worth $1,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after acquiring an additional 258,193 shares during the period. Capital World Investors increased its stake in shares of Cameco by 0.8% during the third quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock worth $1,133,147,000 after acquiring an additional 106,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after acquiring an additional 85,762 shares during the period. Van ECK Associates Corp increased its stake in shares of Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after acquiring an additional 1,644,061 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Cameco by 116.7% during the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $388,068,000 after acquiring an additional 2,489,207 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 1.4%

Shares of NYSE CCJ opened at $105.47 on Friday. Cameco Corporation has a 12-month low of $51.70 and a 12-month high of $135.24. The company has a market capitalization of $45.94 billion, a PE ratio of 97.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The firm’s 50-day moving average is $113.41 and its two-hundred day moving average is $107.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating 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 company had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCJ shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $147.00 price target on shares of Cameco in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce boosted their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Glj Research reiterated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Finally, Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.62.

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.