GSA Capital Partners LLP Makes New $1.83 Million Investment in Cameco Co. (NYSE:CCJ)

GSA Capital Partners LLP bought a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,358 shares of the basic materials company's stock, valued at approximately $1,832,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 purchasing an additional 238 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Cameco during the 1st quarter valued at $26,000. 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 valued at $46,000 after buying an additional 550 shares during the period. Blue Trust Inc. raised its position in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock worth $77,000 after purchasing an additional 642 shares during the period. Finally, Crewe Advisors LLC bought a new stake in Cameco in the 1st quarter worth $87,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 2.6 %

NYSE CCJ traded down $1.43 during trading on Wednesday, reaching $52.98. 5,070,817 shares of the company's stock traded hands, compared to its average volume of 4,418,284. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of 280.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $58.72. The company's 50 day simple moving average is $48.82 and its two-hundred day simple moving average is $48.23.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million for the quarter, compared to analysts' expectations of $646.83 million. During the same quarter in the prior year, the company posted $0.24 EPS. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Cameco Co. will post 0.69 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. This is an increase from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio (DPR) is 47.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCJ shares. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Glj Research reaffirmed a "buy" rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Scotiabank decreased their target price on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Cantor Fitzgerald upgraded shares of Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. Finally, National Bank Financial raised Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.