HighTower Advisors LLC Acquires 35,180 Shares of Cameco Co. (NYSE:CCJ)

HighTower Advisors LLC lifted its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 617,538 shares of the basic materials company's stock after buying an additional 35,180 shares during the period. HighTower Advisors LLC owned about 0.14% of Cameco worth $29,519,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CCJ. Telemark Asset Management LLC increased its holdings in Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company's stock worth $62,088,000 after buying an additional 100,000 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new position in shares of Cameco during the 3rd quarter worth about $1,680,000. Swiss National Bank increased its stake in shares of Cameco by 0.9% during the 3rd quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company's stock worth $62,892,000 after purchasing an additional 11,600 shares during the last quarter. Country Club Bank bought a new stake in shares of Cameco in the 3rd quarter valued at about $2,093,000. Finally, Van ECK Associates Corp lifted its stake in Cameco by 48.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company's stock valued at $75,691,000 after purchasing an additional 515,046 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Shares of Cameco stock traded down $0.09 during trading on Friday, reaching $61.05. The company's stock had a trading volume of 3,482,332 shares, compared to its average volume of 4,408,795. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business's 50-day moving average price is $54.37 and its 200-day moving average price is $49.20. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The firm has a market cap of $26.57 billion, a PE ratio of 323.95 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the firm earned $0.24 EPS. The business's revenue for the quarter was up 25.4% on a year-over-year basis. Equities analysts forecast that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The business also recently disclosed 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 is a boost from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco's payout ratio is currently 57.89%.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several research analyst reports. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Scotiabank cut their price target on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Finally, Glj Research reiterated a "buy" rating and issued a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus price target of $66.56.

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.