Wellington Management Group LLP Boosts Holdings in Cameco Co. (NYSE:CCJ)

Wellington Management Group LLP lifted its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 37.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,905,831 shares of the basic materials company's stock after buying an additional 517,836 shares during the quarter. Wellington Management Group LLP owned approximately 0.44% of Cameco worth $91,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CCJ. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after buying an additional 238 shares during the period. Pingora Partners LLC bought a new position in shares of Cameco in the 3rd quarter worth $33,000. First Horizon Advisors Inc. lifted its stake in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after purchasing an additional 351 shares during the last quarter. LRI Investments LLC boosted its position in Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 234 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock worth $46,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Shares of NYSE CCJ traded up $1.39 during midday trading on Wednesday, reaching $57.81. The company had a trading volume of 3,089,678 shares, compared to its average volume of 4,413,851. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The business's 50-day simple moving average is $54.83 and its 200 day simple moving average is $49.24. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $25.16 billion, a P/E ratio of 296.95 and a beta of 0.91.

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 analysts' expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business's revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. On average, analysts forecast that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio is 57.89%.

Analyst Ratings Changes

CCJ has been the topic of a number of recent analyst reports. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Glj Research reaffirmed a "buy" rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Finally, Scotiabank lowered their price objective on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $66.56.

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.