Chicago Capital LLC Takes $921,000 Position in Cameco Co. (NYSE:CCJ)

Chicago Capital LLC purchased a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 17,919 shares of the basic materials company’s stock, valued at approximately $921,000.

A number of other large investors also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc increased its stake in shares of Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP increased its stake in Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after buying an additional 410,711 shares in the last quarter. Progeny 3 Inc. raised its holdings in shares of Cameco by 7.5% during the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after acquiring an additional 159,200 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cameco by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after acquiring an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Cameco by 44.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Down 4.1 %

NYSE CCJ opened at $47.41 on Tuesday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The business has a fifty day moving average price of $53.78 and a 200 day moving average price of $49.31. The company has a market cap of $20.64 billion, a P/E ratio of 249.54 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. 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 business posted $0.24 earnings per share. The business’s quarterly revenue was up 25.4% on a year-over-year basis. Research analysts anticipate that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

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