Capital Market Strategies LLC Grows Stock Holdings in Cameco Co. (NYSE:CCJ)

Capital Market Strategies LLC increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,383 shares of the basic materials company’s stock after buying an additional 980 shares during the quarter. Capital Market Strategies LLC’s holdings in Cameco were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in Cameco by 10.9% during the second quarter. Commonwealth Equity Services LLC now owns 77,053 shares of the basic materials company’s stock worth $3,791,000 after purchasing an additional 7,547 shares in the last quarter. Candriam S.C.A. lifted its stake in Cameco by 41.7% during the 2nd quarter. Candriam S.C.A. now owns 8,216 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 2,416 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Cameco by 7.1% in the second quarter. Cullen Frost Bankers Inc. now owns 5,356 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 356 shares in the last quarter. Umpqua Bank acquired a new position in Cameco during the 2nd quarter worth $227,000. Finally, Acadian Asset Management LLC raised its holdings in Cameco by 41.2% in the second quarter. Acadian Asset Management LLC now owns 82,200 shares of the basic materials company’s stock valued at $4,041,000 after acquiring an additional 24,000 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

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 issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Performance

NYSE CCJ traded up $1.75 during trading hours on Monday, reaching $54.87. The company’s stock had a trading volume of 2,295,467 shares, compared to its average volume of 3,062,027. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. 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 cap of $23.88 billion, a PE ratio of 288.80 and a beta of 0.91. The business has a 50-day simple moving average of $54.96 and a 200 day simple moving average of $49.23.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The company’s revenue was up 25.4% compared to the same quarter last year. Equities research analysts predict 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 was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.118 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is 57.89%.

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.