4,124 Shares in Cameco Co. (NYSE:CCJ) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,124 shares of the basic materials company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently made changes to their positions in CCJ. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. Pingora Partners LLC purchased a new position in shares of Cameco in the third quarter valued at about $33,000. First Horizon Advisors Inc. raised its stake in shares of 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 during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco during the third quarter worth about $38,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott upgraded 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Price Performance

CCJ stock opened at $56.09 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The firm has a 50-day moving average of $54.65 and a 200 day moving average of $49.37. The company has a market cap of $24.42 billion, a P/E ratio of 295.24 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The firm had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. On average, sell-side analysts forecast that Cameco Co. will post 0.47 EPS for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $0.118 dividend. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 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.