Cameco Co. (NYSE:CCJ) Shares Bought by S&CO Inc.

S&CO Inc. raised its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 562,571 shares of the basic materials company’s stock after buying an additional 12,805 shares during the quarter. Cameco makes up approximately 1.8% of S&CO Inc.’s portfolio, making the stock its 15th biggest position. S&CO Inc. owned approximately 0.13% of Cameco worth $26,868,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CCJ. LRI Investments LLC acquired a new stake in Cameco during the 1st quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Cameco by 71.5% in 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 buying an additional 238 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Cameco by 130.6% during the third 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 period. Blue Trust Inc. grew its holdings in shares of Cameco by 68.8% during the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after buying an additional 642 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new position in Cameco in the 1st quarter valued at about $87,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Finally, Glj Research restated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Performance

NYSE:CCJ opened at $53.59 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $58.72. The firm’s fifty day simple moving average is $49.73 and its 200-day simple moving average is $48.35. The stock has a market cap of $23.32 billion, a PE ratio of 282.07 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Analysts expect that Cameco Co. will post 0.7 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 of this dividend is Wednesday, November 27th. Cameco’s payout ratio is presently 47.37%.

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.