MBB Public Markets I LLC sells 581,862 shares of Cameco Co. (NYSE:CCJ)

MBB Public Markets I LLC reduced its stake in Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) by 38.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 916,037 shares of the basic materials company’s stock after selling 581,862 shares during the quarter. Cameco comprises about 0.9% of MBB Public Markets I LLC’s holdings, making the stock its 19th biggest holding. MBB Public Markets I LLC owned about 0.21% of Cameco worth $45,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC bought a new position in Cameco in the first quarter valued at about $26,000. Lindbrook Capital LLC boosted its holdings in shares of Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 221 shares during the last quarter. Larson Financial Group LLC boosted its stake in Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 600 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Cameco in the first quarter valued at approximately $87,000. Finally, BNP Paribas bought a new stake in shares of Cameco in the first quarter valued at approximately $93,000. 70.21% of shares are held by institutional investors.

Cameco stock performance

Shares of CCJ opened at $48.06 on Friday. The stock has a market cap of $20.91 billion, a PE ratio of 123.23 and a beta of 0.90. The firm has a 50 day moving average of $41.55 and a two hundred day moving average of $46.60. Cameco Co. it has a 52-week low of $35.18 and a 52-week high of $56.24. The company has a quick ratio of 1.48, a current ratio of 3.22, and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ – Get Your Free Report ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. On average, research analysts predict that Cameco Co. will post 0.91 EPS for the current fiscal year.

Analyst upgrades and downgrades

Several equities analysts have commented on CCJ shares. Glj Research reaffirmed a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Goldman Sachs Group raised their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Bank of America boosted their price objective on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.25, according to MarketBeat.com.

Check out our latest research report on Cameco

About Cameco

(Free Report)

Cameco Corporation supplies uranium for electricity generation. It operates through the Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration, mining and milling, buying and selling of uranium concentrate. The Fuel Services segment engages in the refining, conversion and manufacture of uranium concentrate, as well as the purchase and sale of conversion services.

See Also

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