Geode Capital Management LLC increased its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,911,614 shares of the basic materials company's stock after acquiring an additional 177,551 shares during the quarter. Geode Capital Management LLC owned about 0.44% of Cameco worth $91,558,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 purchasing an additional 238 shares during the last quarter. Pingora Partners LLC bought a new position in Cameco during the third quarter valued at approximately $33,000. First Horizon Advisors Inc. grew its holdings in Cameco by 84.2% during 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. LRI Investments LLC increased its stake in Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock worth $41,000 after acquiring an additional 234 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised 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 in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.
Cameco Trading Down 0.9 %
Shares of NYSE CCJ traded down $0.47 during trading hours on Friday, hitting $52.44. 3,551,992 shares of the company traded hands, compared to its average volume of 4,394,743. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of 276.01 and a beta of 0.91. The company's 50 day moving average price is $55.51 and its 200 day moving average price is $49.32. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter last year, the firm earned $0.24 EPS. The company's revenue was up 25.4% on a year-over-year basis. On average, equities research analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current fiscal year.
Cameco Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. This is an increase from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio (DPR) is presently 57.89%.
Analysts Set New Price Targets
A number of research firms recently weighed in on CCJ. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco currently has an average rating of "Buy" and a consensus target price of $66.56.
Check Out Our Latest Analysis on CCJ
Cameco Profile
(
Free Report)
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.
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