Hantz Financial Services Inc. Has $1.55 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Hantz Financial Services Inc. trimmed its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 30,181 shares of the basic materials company’s stock after selling 409 shares during the period. Hantz Financial Services Inc.’s holdings in Cameco were worth $1,551,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Parsons Capital Management Inc. RI acquired a new stake in shares of Cameco during the 4th quarter worth about $1,538,000. Union Bancaire Privee UBP SA acquired a new position in Cameco in the fourth quarter worth $1,420,000. Blue Trust Inc. grew its holdings in shares of Cameco by 31.9% during the fourth quarter. Blue Trust Inc. now owns 2,077 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 502 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in Cameco in the 4th quarter valued at about $223,000. Finally, Jamison Private Wealth Management Inc. lifted its position in shares of Cameco by 18.2% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 7,941 shares of the basic materials company’s stock worth $408,000 after purchasing an additional 1,223 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 1.7 %

NYSE:CCJ opened at $49.43 on Friday. The stock’s fifty day simple moving average is $53.99 and its 200-day simple moving average is $49.33. The firm has a market capitalization of $21.52 billion, a P/E ratio of 260.17 and a beta of 0.95. 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 12-month low of $35.43 and a 12-month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm 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 business’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. Equities research analysts expect that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

The company also recently declared 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 a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s payout ratio is 63.16%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. One 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. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $66.56.

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.