Penserra Capital Management LLC lessened its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 54.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,162 shares of the basic materials company's stock after selling 48,612 shares during the period. Penserra Capital Management LLC's holdings in Cameco were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. LRI Investments LLC purchased a new stake in Cameco in the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Cameco by 71.5% in the 3rd 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. lifted its position in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after buying an additional 351 shares in the last quarter. JFS Wealth Advisors LLC boosted its position 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 valued at $46,000 after acquiring an additional 550 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock worth $77,000 after buying an additional 642 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CCJ has been the subject of several research reports. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. Scotiabank cut their price target on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Glj Research reissued a "buy" rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Finally, Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $66.56.
Check Out Our Latest Analysis on Cameco
Cameco Stock Performance
CCJ stock traded up $0.51 during midday trading on Tuesday, reaching $58.62. The company had a trading volume of 2,967,318 shares, compared to its average volume of 4,452,365. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $60.98. The firm has a market capitalization of $25.51 billion, a PE ratio of 305.78 and a beta of 0.89. 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 stock has a 50 day moving average price of $52.01 and a 200 day moving average price of $48.69.
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 for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Cameco's revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts anticipate that Cameco Co. will post 0.7 earnings per share for the current year.
Cameco Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco's dividend payout ratio is currently 47.37%.
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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