Caldwell Investment Management Ltd. Makes New Investment in Cameco Co. (NYSE:CCJ)

Caldwell Investment Management Ltd. bought a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,000 shares of the basic materials company's stock, valued at approximately $3,227,000. Cameco accounts for 2.2% of Caldwell Investment Management Ltd.'s portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of CCJ. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 238 shares during the period. Pingora Partners LLC bought a new position in Cameco in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. raised its position in shares of Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock valued at $37,000 after buying an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Cameco during the 3rd quarter worth approximately $38,000. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock worth $46,000 after acquiring an additional 550 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $66.56.

Cameco Price Performance

Shares of NYSE:CCJ traded up $0.64 during trading on Wednesday, hitting $49.70. 2,357,906 shares of the company were exchanged, compared to its average volume of 3,522,146. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a market capitalization of $21.64 billion, a P/E ratio of 261.59 and a beta of 0.95. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $54.66 and its 200-day moving average is $49.23.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. Cameco's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. Equities analysts forecast that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $0.118 dividend. This is a boost from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco's dividend payout ratio is 63.16%.

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.