FNY Investment Advisers LLC Decreases Stake in Cameco Co. (NYSE:CCJ)

FNY Investment Advisers LLC cut its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 70.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,147 shares of the basic materials company’s stock after selling 7,401 shares during the quarter. FNY Investment Advisers LLC’s holdings in Cameco were worth $161,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Driehaus Capital Management LLC grew its holdings in Cameco by 4.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock worth $192,622,000 after acquiring an additional 176,183 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Cameco by 19.9% during the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after purchasing an additional 410,711 shares in the last quarter. Progeny 3 Inc. grew its stake in shares of Cameco by 7.5% during the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after purchasing an additional 159,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Cameco by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after buying an additional 187,512 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Up 0.6 %

NYSE CCJ opened at $49.08 on Wednesday. The firm’s fifty day moving average price is $54.66 and its 200 day moving average price is $49.23. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 258.33 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results 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 firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, sell-side analysts expect that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott raised 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 given a strong buy rating to the stock. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and an average price target of $66.56.

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.