Prelude Capital Management LLC Acquires Shares of 139,807 Cameco Co. (NYSE:CCJ)

Prelude Capital Management LLC acquired a new stake in Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) in the first quarter, HoldingsChannel reports. The institutional investor acquired 139,807 shares of the basic materials company’s stock, valued at approximately $4,068,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. AdvisorNet Financial Inc bought a new position in shares of Cameco during the first quarter worth about $29,000. Bank of New Hampshire bought a new position in shares of Cameco during the first quarter worth about $34,000. Settian Capital LP bought a new position in shares of Cameco during the fourth quarter worth about $48,000. JFS Wealth Advisors LLC lifted its position in shares of Cameco by 92.9% during the first quarter. JFS Wealth Advisors LLC now owns 1,686 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 812 shares during the last quarter. Finally, Krane Funds Advisors LLC bought a new position in shares of Cameco during the first quarter worth about $57,000. 58.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank increased their price target on shares of Cameco from C$43.00 to C$44.00 in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.89.

Cameco Price Performance

CCJ opened at $30.21 on Friday. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 251.77 and a beta of 0.94. Cameco Co. has a fifty-two week low of $18.03 and a fifty-two week high of $32.49. The company’s 50-day moving average price is $25.01 and its 200 day moving average price is $25.37. The company has a quick ratio of 4.84, a current ratio of 6.02 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last released its quarterly earnings data on Wednesday, July 27th. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $437.25 million for the quarter. Cameco had a net margin of 3.48% and a return on equity of 1.17%. As a group, sell-side analysts expect that Cameco Co. will post 0.2 earnings per share for the current year.

Cameco Company Profile

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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