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Cameco Co. (NYSE:CCJ) Stock Position Decreased by XTX Topco Ltd

Cameco logo with Basic Materials background

XTX Topco Ltd lessened its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 72.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,532 shares of the basic materials company's stock after selling 32,169 shares during the period. XTX Topco Ltd's holdings in Cameco were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CCJ. Glenmede Trust Co. NA lifted its position in Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after acquiring an additional 191 shares during the last quarter. S.A. Mason LLC boosted its position in shares of Cameco by 6.0% during the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock worth $175,000 after purchasing an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC boosted its position in shares of Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock worth $268,000 after purchasing an additional 210 shares in the last quarter. EdgeRock Capital LLC lifted its position in Cameco by 1.7% in the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock valued at $654,000 after acquiring an additional 224 shares in the last quarter. Finally, LRI Investments LLC increased its stake in Cameco by 39.0% in the 2nd 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. Institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CCJ. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Scotiabank decreased their price target on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Finally, Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $66.56.

Read Our Latest Report on CCJ

Cameco Stock Down 3.1 %

Shares of CCJ stock traded down $1.71 on Friday, hitting $54.29. The stock had a trading volume of 3,749,307 shares, compared to its average volume of 4,411,210. The company has a market cap of $23.63 billion, a PE ratio of 286.70 and a beta of 0.91. 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 business has a 50 day moving average price of $55.27 and a 200 day moving average price of $49.37. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same period in the prior year, the company posted $0.24 earnings per share. The firm's revenue for the quarter was up 25.4% compared to the same quarter last year. Research analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders 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 an increase from Cameco's previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco's payout ratio is presently 63.16%.

Cameco Company Profile

(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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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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