Janus Henderson Group PLC lessened its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 58.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,897 shares of the basic materials company's stock after selling 114,727 shares during the quarter. Janus Henderson Group PLC's holdings in Cameco were worth $3,877,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Cameco by 71.5% in the third 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 last quarter. First Horizon Advisors Inc. grew its stake 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 purchasing an additional 351 shares in the last quarter. LRI Investments LLC increased its position in shares of Cameco by 39.0% during the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock worth $41,000 after purchasing an additional 234 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in shares of Cameco by 130.6% during the 3rd 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 in the last quarter. Finally, Stone House Investment Management LLC boosted its holdings in shares of Cameco by 1,360.0% in the 3rd quarter. Stone House Investment Management LLC now owns 1,022 shares of the basic materials company's stock valued at $49,000 after buying an additional 952 shares during the last quarter. Institutional investors own 70.21% of the company's stock.
Cameco Stock Performance
CCJ stock traded up $1.39 during mid-day trading on Wednesday, hitting $57.81. 3,030,896 shares of the company were exchanged, compared to its average volume of 4,413,851. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The business has a 50 day simple moving average of $55.15 and a 200-day simple moving average of $49.32. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $25.16 billion, a PE ratio of 304.26 and a beta of 0.91.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The firm had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. On average, equities analysts forecast that Cameco Co. will post 0.51 earnings per share for the current year.
Cameco Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This represents a yield of 0.22%. This is a positive change from Cameco's previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco's dividend payout ratio (DPR) is currently 57.89%.
Wall Street Analyst Weigh In
A number of brokerages have commented on CCJ. Scotiabank cut their price target on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Glj Research reissued a "buy" rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Finally, Janney Montgomery Scott upgraded 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 assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $66.56.
View Our Latest Stock Analysis on Cameco
About Cameco
(
Free Report)
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.
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