Exchange Traded Concepts LLC Raises Holdings in Cameco Co. (NYSE:CCJ)

Exchange Traded Concepts LLC raised its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 291.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,897 shares of the basic materials company’s stock after acquiring an additional 159,984 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Cameco were worth $11,044,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 purchasing an additional 238 shares during the period. Pingora Partners LLC purchased a new position in Cameco in the third quarter valued at $33,000. First Horizon Advisors Inc. raised its position in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco during the 3rd quarter worth about $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 1.1 %

CCJ stock opened at $57.48 on Friday. The business’s 50-day moving average is $54.57 and its 200 day moving average is $49.32. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 304.98 and a beta of 0.95. 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) (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. On average, sell-side analysts anticipate that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

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

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average price target of $66.56.

Cameco 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.