Janney Montgomery Scott LLC Purchases 45,549 Shares of Cameco Co. (NYSE:CCJ)

Janney Montgomery Scott LLC lifted its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 98.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,767 shares of the basic materials company's stock after purchasing an additional 45,549 shares during the quarter. Janney Montgomery Scott LLC's holdings in Cameco were worth $4,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CCJ. Thurston Springer Miller Herd & Titak Inc. boosted its position in Cameco by 71.5% during the 3rd 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 period. Pingora Partners LLC acquired a new stake in Cameco during the 3rd quarter worth about $33,000. First Horizon Advisors Inc. boosted its position in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after acquiring an additional 351 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Cameco during the 3rd quarter worth about $38,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

Shares of CCJ stock traded up $0.15 during trading on Thursday, reaching $50.22. The company had a trading volume of 5,229,148 shares, compared to its average volume of 5,026,730. The firm's 50 day simple moving average is $54.20 and its two-hundred day simple moving average is $49.33. 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 one year low of $35.43 and a one year high of $62.55. The company has a market capitalization of $21.86 billion, a PE ratio of 264.32 and a beta of 0.95.

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) earnings per share 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 company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period in the previous year, the business posted $0.24 earnings per share. The firm's revenue was up 25.4% on a year-over-year basis. Sell-side analysts forecast that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $0.118 dividend. This is an increase from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco's payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded 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 assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and a consensus target price of $66.56.

About Cameco

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.