Pacifica Partners Inc. Decreases Holdings in Cameco Co. (NYSE:CCJ)

Pacifica Partners Inc. decreased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,008 shares of the basic materials company’s stock after selling 2,216 shares during the quarter. Cameco makes up 2.7% of Pacifica Partners Inc.’s portfolio, making the stock its 7th biggest holding. Pacifica Partners Inc.’s holdings in Cameco were worth $6,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CCJ. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. Pingora Partners LLC purchased a new stake in Cameco during the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. grew its stake in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Cameco in the 3rd quarter valued at $38,000. Finally, JFS Wealth Advisors LLC lifted its stake in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Up 0.6 %

Shares of NYSE CCJ opened at $49.08 on Wednesday. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of 258.33 and a beta of 0.95. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $54.66 and its 200-day moving average price is $49.23.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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). The company had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. Cameco’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

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