Cameco Co. (NYSE:CCJ) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,934 shares of the basic materials company’s stock after selling 1,613 shares during the period. Park Place Capital Corp’s holdings in Cameco were worth $194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCJ. Venturi Wealth Management LLC lifted its stake in shares of Cameco by 235.3% in the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 400 shares during the period. LRI Investments LLC acquired a new position in Cameco during the first quarter worth about $26,000. Principal Securities Inc. acquired a new position in Cameco during the fourth quarter worth about $29,000. Sandy Spring Bank acquired a new position in Cameco during the fourth quarter worth about $43,000. Finally, Lindbrook Capital LLC raised its position in Cameco by 26.0% during the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Bank of America lifted their price target on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.70.

Cameco Trading Down 3.0 %

CCJ stock traded down $1.13 during midday trading on Monday, reaching $36.90. 6,525,951 shares of the company’s stock traded hands, compared to its average volume of 4,391,743. The company has a market capitalization of $16.06 billion, a P/E ratio of 93.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 0.69. Cameco Co. has a fifty-two week low of $32.89 and a fifty-two week high of $56.24. The business has a 50-day moving average price of $50.28 and a two-hundred day moving average price of $47.62.

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 for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $598.00 million for 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 quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. Equities research analysts forecast that Cameco Co. will post 1.06 EPS for the current fiscal year.

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.