6,075 Shares in Cameco Co. (NYSE:CCJ) Acquired by New England Research & Management Inc.

New England Research & Management Inc. bought a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,075 shares of the basic materials company's stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parsons Capital Management Inc. RI acquired a new position in shares of Cameco in the fourth quarter valued at approximately $1,538,000. Union Bancaire Privee UBP SA acquired a new position in Cameco in the 4th quarter valued at $1,420,000. Blue Trust Inc. increased its position in Cameco by 31.9% during the 4th quarter. Blue Trust Inc. now owns 2,077 shares of the basic materials company's stock worth $99,000 after buying an additional 502 shares during the period. Drive Wealth Management LLC acquired a new stake in shares of Cameco during the fourth quarter worth $223,000. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Cameco by 18.2% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 7,941 shares of the basic materials company's stock valued at $408,000 after acquiring an additional 1,223 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

CCJ stock traded up $0.84 during midday trading on Thursday, reaching $50.91. The company had a trading volume of 3,948,380 shares, compared to its average volume of 4,956,090. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 267.58 and a beta of 0.95. 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 1-year low of $35.43 and a 1-year high of $62.55. The stock has a 50 day moving average price of $54.20 and a 200-day moving average price of $49.33.

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 for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business's revenue was up 25.4% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Equities research analysts expect that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

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

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock 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.