Floyd Financial Group LLC Invests $922,000 in Cameco Co. (NYSE:CCJ)

Floyd Financial Group LLC acquired a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,733 shares of the basic materials company's stock, valued at approximately $922,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased 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 during the last quarter. Pingora Partners LLC acquired a new stake in Cameco during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. raised its holdings in 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 buying an additional 351 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Cameco during the third quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC grew 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 buying an additional 550 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. One investment 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, the stock currently has an average rating of "Buy" and a consensus price target of $66.56.

Cameco Stock Up 1.3 %

Shares of NYSE CCJ traded up $0.64 during trading on Wednesday, reaching $49.70. 2,358,475 shares of the stock were exchanged, compared to its average volume of 3,522,146. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 261.59 and a beta of 0.95. The business's 50-day moving average price is $54.66 and its 200 day moving average price is $49.23. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued 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 business's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. As a group, equities 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 was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.118 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco's payout ratio is currently 63.16%.

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.