CWA Asset Management Group LLC Cuts Stake in Cameco Co. (NYSE:CCJ)

CWA Asset Management Group LLC lowered its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,162 shares of the basic materials company’s stock after selling 15,329 shares during the quarter. CWA Asset Management Group LLC owned 0.06% of Cameco worth $14,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Cameco by 71.5% in 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 acquiring an additional 238 shares during the last quarter. Pingora Partners LLC purchased a new position in shares of Cameco in the 3rd quarter worth about $33,000. First Horizon Advisors Inc. increased its holdings in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Cameco in the 3rd quarter worth $38,000. Finally, JFS Wealth Advisors LLC raised its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Stock Performance

CCJ stock traded up $2.57 during trading on Monday, reaching $55.69. The stock had a trading volume of 1,507,409 shares, compared to its average volume of 2,754,572. Cameco Co. has a 52 week low of $35.43 and a 52 week 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 stock’s 50 day moving average is $54.96 and its two-hundred day moving average is $49.23. The firm has a market cap of $24.24 billion, a PE ratio of 293.12 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data 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 business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. As a group, equities analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current 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 $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco’s payout ratio is 57.89%.

About Cameco

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.