Cameco Co. (NYSE:CCJ) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 280,162 shares of the basic materials company's stock after selling 15,329 shares during the quarter. CWA Asset Management Group LLC owned about 0.06% of Cameco worth $14,398,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position 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 valued at $27,000 after acquiring an additional 238 shares during the period. Pingora Partners LLC purchased a new position in shares of Cameco in the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. increased its holdings in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 351 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco during the third quarter worth approximately $38,000. Finally, JFS Wealth Advisors LLC lifted 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 worth $46,000 after purchasing an additional 550 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $66.56.

Cameco Price Performance

Cameco stock traded up $1.67 during midday trading on Monday, reaching $54.79. The company's stock had a trading volume of 3,867,090 shares, compared to its average volume of 3,604,156. The firm has a market capitalization of $23.85 billion, a PE ratio of 288.38 and a beta of 0.91. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The stock's 50 day simple moving average is $54.96 and its 200 day simple moving average is $49.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

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 company had revenue of $721.00 million for 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 firm's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities research analysts forecast that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.118 per share. This represents a yield of 0.22%. This is an increase from Cameco's previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco's payout ratio is presently 57.89%.

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.