Sender Co & Partners Inc. Has $204,000 Holdings in Cameco Co. (NYSE:CCJ)

Sender Co & Partners Inc. lessened its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 79.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,262 shares of the basic materials company's stock after selling 16,109 shares during the period. Sender Co & Partners Inc.'s holdings in Cameco were worth $204,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CCJ. Massachusetts Financial Services Co. MA acquired a new stake in Cameco in the 2nd quarter valued at about $73,125,000. CIBC Asset Management Inc grew its position in Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company's stock worth $181,382,000 after buying an additional 1,386,639 shares during the last quarter. M&G PLC bought a new position in shares of Cameco in the third quarter valued at $66,227,000. Fred Alger Management LLC lifted its position in shares of Cameco by 99.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company's stock valued at $80,249,000 after acquiring an additional 839,077 shares during the last quarter. Finally, King Luther Capital Management Corp bought a new stake in shares of Cameco during the 2nd quarter worth $32,740,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Down 2.4 %

NYSE CCJ traded down $1.37 on Tuesday, reaching $56.15. The stock had a trading volume of 3,936,923 shares, compared to its average volume of 4,411,080. 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 Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The business has a 50 day moving average price of $54.83 and a 200 day moving average price of $49.24. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 302.81 and a beta of 0.91.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) 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%. The company's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. On average, analysts forecast that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Cameco's previous annual dividend of $0.09. Cameco's payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Glj Research reiterated a "buy" rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research 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. Finally, Scotiabank lowered their price objective on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.