22,500 Shares in Cameco Co. (NYSE:CCJ) Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,500 shares of the basic materials company's stock, valued at approximately $1,075,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Cameco by 71.5% during 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 in the last quarter. First Horizon Advisors Inc. raised its position in shares of 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 purchasing an additional 351 shares during the period. LRI Investments LLC lifted its stake in Cameco by 39.0% in the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock valued at $41,000 after buying an additional 234 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock worth $46,000 after buying an additional 550 shares in the last quarter. Finally, Stone House Investment Management LLC raised its stake in Cameco by 1,360.0% during 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 acquiring an additional 952 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

Cameco stock traded down $0.09 on Friday, reaching $61.05. 3,482,332 shares of the stock were exchanged, compared to its average volume of 4,408,795. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The stock has a market cap of $26.57 billion, a PE ratio of 321.32 and a beta of 0.91. The firm has a fifty day moving average price of $54.64 and a two-hundred day moving average price of $49.25. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the previous year, the business posted $0.24 EPS. The company's revenue was up 25.4% on a year-over-year basis. Sell-side analysts anticipate that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco's dividend payout ratio (DPR) is 57.89%.

Analysts Set New Price Targets

CCJ has been the subject of a number of recent analyst reports. Glj Research reiterated a "buy" rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Scotiabank reduced their price objective 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. Finally, National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price 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.