Park Place Capital Corp Decreases Stock Holdings in Cameco Co. (NYSE:CCJ)

Park Place Capital Corp lowered its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,431 shares of the basic materials company’s stock after selling 503 shares during the period. Park Place Capital Corp’s holdings in Cameco were worth $164,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bornite Capital Management LP purchased a new position in shares of Cameco in the 4th quarter valued at about $6,590,000. Tidal Investments LLC raised its position in Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 2,683 shares during the last quarter. LRI Investments LLC acquired a new stake in Cameco during the 1st quarter worth $30,000. Susquehanna Fundamental Investments LLC purchased a new position in Cameco during the 1st quarter worth $295,000. Finally, Councilmark Asset Management LLC acquired a new position in Cameco in the first quarter valued at $1,760,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

NYSE:CCJ opened at $51.59 on Wednesday. The company’s 50-day moving average is $42.07 and its two-hundred day moving average is $47.10. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The firm has a market cap of $22.45 billion, a price-to-earnings ratio of 132.28 and a beta of 0.90. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The company’s revenue was up 24.1% on a year-over-year basis. Research analysts expect that Cameco Co. will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several analyst reports. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Glj Research reissued a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Scotiabank cut their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Bank of America boosted their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $66.56.

Cameco Company Profile

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.