Dynamic Advisor Solutions LLC Cuts Stock Position in Cameco Co. (NYSE:CCJ)

Dynamic Advisor Solutions LLC decreased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,805 shares of the basic materials company’s stock after selling 804 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Cameco were worth $452,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its stake in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP grew its stake in Cameco by 19.9% during the 3rd 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. increased its holdings in Cameco by 7.5% during the 3rd 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 during the period. The Manufacturers Life Insurance Company raised its position in Cameco by 9.4% in the 3rd 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 purchasing an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after buying an additional 664,828 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. 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. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Performance

Shares of CCJ opened at $47.50 on Tuesday. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 250.02 and a beta of 0.95. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $54.70 and a 200 day moving average price of $49.39.

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 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 company had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Research analysts predict that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $0.118 dividend. 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 was Wednesday, November 27th. Cameco’s payout ratio is presently 63.16%.

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.