GSA Capital Partners LLP Invests $1.83 Million in Cameco Co. (NYSE:CCJ)

GSA Capital Partners LLP purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,358 shares of the basic materials company’s stock, valued at approximately $1,832,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Cameco during the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings 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 worth $46,000 after buying an additional 550 shares during the last quarter. Blue Trust Inc. increased its holdings in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Cameco in the 1st quarter valued at approximately $87,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCJ. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank dropped their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Glj Research reiterated a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Performance

Shares of CCJ stock opened at $54.42 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The stock has a market capitalization of $23.68 billion, a PE ratio of 286.42 and a beta of 0.89. The firm has a 50 day moving average of $48.49 and a two-hundred day moving average of $48.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results 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 business had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the prior year, the business earned $0.24 EPS. The business’s quarterly revenue was up 25.4% on a year-over-year basis. On average, research analysts predict that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is 57.89%.

About Cameco

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.