Nations Financial Group Inc. IA ADV boosted its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 134.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,043 shares of the basic materials company's stock after buying an additional 37,868 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Cameco were worth $3,154,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in Cameco in the 1st quarter valued at $232,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Cameco during the 1st quarter valued at about $295,000. Legacy Capital Group California Inc. boosted its position in shares of Cameco by 35.9% during the 1st quarter. Legacy Capital Group California Inc. now owns 6,827 shares of the basic materials company's stock valued at $296,000 after acquiring an additional 1,804 shares during the last quarter. US Bancorp DE boosted its position in shares of Cameco by 3.0% during the 1st quarter. US Bancorp DE now owns 26,933 shares of the basic materials company's stock valued at $1,167,000 after acquiring an additional 773 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of Cameco by 15.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 32,253 shares of the basic materials company's stock valued at $1,397,000 after acquiring an additional 4,249 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CCJ traded down $1.40 on Monday, reaching $51.14. The company's stock had a trading volume of 713,649 shares, compared to its average volume of 4,395,609. The stock's 50-day moving average is $48.27 and its two-hundred day moving average is $48.18. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $58.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The stock has a market capitalization of $22.26 billion, a P/E ratio of 122.19 and a beta of 0.89.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data 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). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $721.00 million during the quarter, compared to analysts' expectations of $646.83 million. During the same period in the prior year, the firm posted $0.24 EPS. Cameco's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Cameco Co. will post 0.83 EPS for the current year.
The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.118 per share. 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 is Wednesday, November 27th. Cameco's payout ratio is currently 20.93%.
Several brokerages recently issued reports on CCJ. Cantor Fitzgerald upgraded shares of Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. Glj Research reissued a "buy" rating and issued a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Scotiabank reduced their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $66.56.
View Our Latest Report on CCJ
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.
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