ARK Investment Management LLC decreased its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,233 shares of the basic materials company's stock after selling 27,268 shares during the period. ARK Investment Management LLC's holdings in Cameco were worth $9,802,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. LRI Investments LLC bought a new stake in Cameco during the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 acquiring an additional 238 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Cameco by 130.6% during the third 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. Larson Financial Group LLC boosted its stake in Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company's stock worth $52,000 after acquiring an additional 600 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Cameco by 68.8% during the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock worth $77,000 after acquiring an additional 642 shares in the last quarter. Institutional investors own 70.21% of the company's stock.
Cameco Stock Performance
Shares of CCJ traded down $1.04 during mid-day trading on Friday, hitting $52.54. 4,049,344 shares of the company traded hands, compared to its average volume of 4,412,563. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The stock has a 50-day moving average price of $48.27 and a two-hundred day moving average price of $48.18. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 122.19 and a beta of 0.89.
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) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company had revenue of $721.00 million for the quarter, compared to analysts' expectations of $646.83 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm's revenue for the quarter was up 25.4% on a year-over-year basis. Equities analysts anticipate that Cameco Co. will post 0.83 earnings per share for the current year.
Cameco Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. This represents a dividend yield of 0.22%. This is a boost from Cameco's previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco's payout ratio is presently 18.60%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on CCJ shares. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Scotiabank decreased their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. Finally, Glj Research reaffirmed a "buy" rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of "Buy" and a consensus target price of $66.56.
Get Our Latest Stock Analysis on CCJ
Cameco Company 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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