Crossmark Global Holdings Inc. Trims Stake in Cameco Co. (NYSE:CCJ)

Crossmark Global Holdings Inc. cut its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 42.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,215 shares of the basic materials company's stock after selling 9,804 shares during the period. Crossmark Global Holdings Inc.'s holdings in Cameco were worth $631,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new stake in shares of Cameco in the 3rd quarter valued at about $14,113,000. Hollencrest Capital Management boosted its holdings in shares of Cameco by 3.1% in the third quarter. Hollencrest Capital Management now owns 42,091 shares of the basic materials company's stock valued at $2,010,000 after acquiring an additional 1,266 shares during the period. Heritage Wealth Management Inc. boosted its holdings in shares of Cameco by 280.4% in the third quarter. Heritage Wealth Management Inc. now owns 30,625 shares of the basic materials company's stock valued at $1,463,000 after acquiring an additional 22,575 shares during the period. Confluence Investment Management LLC grew its position in shares of Cameco by 4.0% during the third quarter. Confluence Investment Management LLC now owns 22,118 shares of the basic materials company's stock worth $1,056,000 after acquiring an additional 859 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock valued at $12,774,000 after purchasing an additional 245,831 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

Cameco stock traded up $0.48 during mid-day trading on Friday, reaching $53.59. The company had a trading volume of 10,937,847 shares, compared to its average volume of 4,443,106. The stock's 50-day simple moving average is $49.73 and its 200-day simple moving average is $48.33. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $23.32 billion, a P/E ratio of 281.95 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). The firm had revenue of $721.00 million during 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 business's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. On average, equities analysts predict that Cameco Co. will post 0.69 EPS for the current 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 given a $0.118 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from Cameco's previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco's payout ratio is currently 57.89%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CCJ shares. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Glj Research reaffirmed a "buy" rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank lowered their target price on Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Cantor Fitzgerald upgraded Cameco from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 31st. Finally, National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $66.56.

Cameco 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.