Captrust Financial Advisors raised its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 69.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,690 shares of the basic materials company's stock after purchasing an additional 19,921 shares during the quarter. Captrust Financial Advisors' holdings in Cameco were worth $2,325,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Cameco by 71.5% in the 3rd 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 in the last quarter. First Horizon Advisors Inc. boosted its holdings 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 valued at $37,000 after acquiring an additional 351 shares during the last quarter. LRI Investments LLC grew its stake in shares of Cameco by 39.0% in the second 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 period. JFS Wealth Advisors LLC raised its holdings in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Finally, Stone House Investment Management LLC lifted its position in Cameco by 1,360.0% during the third quarter. Stone House Investment Management LLC now owns 1,022 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 952 shares during the period. Institutional investors own 70.21% of the company's stock.
Cameco Stock Performance
NYSE CCJ traded down $0.09 on Friday, hitting $61.05. 3,482,332 shares of the company traded hands, compared to its average volume of 4,408,795. The business's 50 day moving average price is $54.64 and its 200-day moving average price is $49.25. Cameco Co. has a 52-week low of $35.43 and a 52-week 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. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 321.32 and a beta of 0.91.
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). The company had revenue of $721.00 million for the quarter, compared to analysts' expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities analysts expect that Cameco Co. will post 0.51 earnings per share for the current year.
Cameco Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.118 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco's previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco's dividend payout ratio is 57.89%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on CCJ shares. Scotiabank cut their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a report on Friday, October 4th. National Bank Financial raised Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Glj Research restated a "buy" rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. One 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 has a consensus rating of "Buy" and an average target price of $66.56.
Check Out Our Latest Report on Cameco
About Cameco
(
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.
See Also
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
