Cameco Co. (NYSE:CCJ) Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 430.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,531 shares of the basic materials company’s stock after purchasing an additional 257,710 shares during the period. Intech Investment Management LLC owned about 0.07% of Cameco worth $15,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. S.A. Mason LLC raised its position in shares of Cameco by 6.0% in the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 206 shares during the period. Silvia Mccoll Wealth Management LLC raised its stake in shares of Cameco by 3.9% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 210 shares in the last quarter. EdgeRock Capital LLC raised its stake in shares of 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 buying an additional 224 shares in the last quarter. LRI Investments LLC lifted its stake in Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 234 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Glj Research reiterated a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Finally, Scotiabank cut their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One 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. Based on data from MarketBeat, Cameco has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Performance

Shares of CCJ opened at $60.77 on Friday. The firm has a fifty day simple moving average of $50.86 and a 200 day simple moving average of $48.54. 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 Co. has a 12 month low of $35.43 and a 12 month high of $60.98. The stock has a market capitalization of $26.44 billion, a price-to-earnings ratio of 319.83 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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). The company had revenue of $721.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. Research analysts forecast that Cameco Co. will post 0.7 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s payout ratio is currently 47.37%.

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.