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

MBB Public Markets I LLC cut its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 38.8% in the 2nd 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 also recently bought and sold shares of the company. LRI Investments LLC bought a new position in Cameco during the 1st quarter valued at about $26,000. Lindbrook Capital LLC increased 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 increased its stake in Cameco by 99.3% in the 1st 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 during the 1st quarter valued at about $87,000. Finally, BNP Paribas bought a new stake in shares of Cameco in the 1st quarter valued at approximately $93,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $48.06 on Friday. The stock has a market capitalization 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. 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) (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 business’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. The Goldman Sachs Group lifted their price target 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 upped 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. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $67.25.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, 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.