HAP Trading LLC Grows Position in Cameco Corporation (CCJ)

HAP Trading LLC increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 24.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,438 shares of the basic materials company’s stock after purchasing an additional 7,450 shares during the quarter. HAP Trading LLC’s holdings in Cameco Corporation were worth $362,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Cameco Corporation during the third quarter worth about $109,000. Brookstone Capital Management lifted its holdings in shares of Cameco Corporation by 9.8% during the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 1,033 shares during the period. Usca Ria LLC lifted its holdings in shares of Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 510 shares during the period. Mitchell Sinkler & Starr PA acquired a new stake in shares of Cameco Corporation during the third quarter worth about $113,000. Finally, HRT Financial LLC acquired a new stake in shares of Cameco Corporation during the second quarter worth about $129,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms recently commented on CCJ. Zacks Investment Research downgraded Cameco Corporation from a “buy” rating to a “strong sell” rating in a report on Tuesday, October 31st. Scotiabank cut Cameco Corporation from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. BidaskClub cut Cameco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. TheStreet cut Cameco Corporation from a “c” rating to a “d+” rating in a research report on Friday, October 27th. Finally, Royal Bank Of Canada reduced their price target on Cameco Corporation from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.22.

Shares of Cameco Corporation (NYSE:CCJ) traded up $0.28 during mid-day trading on Friday, reaching $9.39. The company had a trading volume of 1,276,558 shares, compared to its average volume of 2,559,170. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.40 and a quick ratio of 2.16. Cameco Corporation has a 52 week low of $7.68 and a 52 week high of $13.36.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20). The company had revenue of $486.00 million for the quarter, compared to analysts’ expectations of $486.84 million. Cameco Corporation had a negative net margin of 13.04% and a negative return on equity of 0.69%. The firm’s revenue was down 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. equities analysts predict that Cameco Corporation will post 0.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.078 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, December 28th. Cameco Corporation’s dividend payout ratio (DPR) is presently -56.14%.

About Cameco Corporation

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

Institutional Ownership by Quarter for Cameco Corporation (NYSE:CCJ)

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