Moore Capital Management LP Has $25.16 Million Stock Position in Cameco Corporation $CCJ

Moore Capital Management LP lowered its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 275,000 shares of the basic materials company’s stock after selling 191,475 shares during the period. Moore Capital Management LP owned approximately 0.06% of Cameco worth $25,160,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of Cameco during the fourth quarter worth about $25,000. Founders Capital Management bought a new stake in shares of Cameco during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Strategic Advocates LLC bought a new stake in shares of Cameco during the third quarter worth about $28,000. Finally, Sunbelt Securities Inc. increased its position in shares of Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 2.0%

CCJ stock opened at $105.70 on Thursday. The stock has a market cap of $46.04 billion, a P/E ratio of 97.87, a P/E/G ratio of 1.97 and a beta of 0.99. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $112.82 and its two-hundred day simple moving average is $109.66. Cameco Corporation has a 1-year low of $67.60 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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. The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. Analysts expect that Cameco Corporation will post 1.21 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CCJ shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price target on shares of Cameco in a research report on Monday. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a research note on Monday, March 9th. Scotiabank restated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Finally, Glj Research restated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.42.

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.