Hantz Financial Services Inc. Cuts Position in Cameco Co. (NYSE:CCJ)

Hantz Financial Services Inc. trimmed its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.1% during the 3rd quarter, Holdings Channel reports. The fund owned 30,590 shares of the basic materials company’s stock after selling 341 shares during the period. Hantz Financial Services Inc.’s holdings in Cameco were worth $1,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest & Ethical Investments L.P. purchased a new stake in shares of Cameco during the 3rd quarter valued at about $1,269,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Cameco by 11.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 706,755 shares of the basic materials company’s stock valued at $33,755,000 after purchasing an additional 70,454 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Cameco by 16.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 68,359 shares of the basic materials company’s stock valued at $3,269,000 after purchasing an additional 9,489 shares during the last quarter. Fiduciary Trust Co boosted its holdings in shares of Cameco by 5.6% in the 3rd quarter. Fiduciary Trust Co now owns 20,443 shares of the basic materials company’s stock worth $976,000 after purchasing an additional 1,086 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cameco by 22.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,434 shares of the basic materials company’s stock valued at $12,216,000 after purchasing an additional 47,230 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several recent analyst reports. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Glj Research reiterated a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Finally, Scotiabank dropped their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $66.56.

Cameco Trading Up 2.8 %

NYSE CCJ opened at $59.45 on Monday. The stock has a market cap of $25.87 billion, a PE ratio of 312.91 and a beta of 0.89. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $60.98. The company’s 50-day moving average price is $53.36 and its 200-day moving average price is $48.93. 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 (NYSE:CCJ) (TSE:CCO) last issued 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 company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. Cameco’s revenue was up 25.4% on a year-over-year basis. Equities research analysts forecast that Cameco Co. will post 0.51 earnings per share for the current 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 issued a $0.118 dividend. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio is currently 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.