Capital Market Strategies LLC Acquires 980 Shares of Cameco Co. (NYSE:CCJ)

Capital Market Strategies LLC increased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,383 shares of the basic materials company’s stock after buying an additional 980 shares during the period. Capital Market Strategies LLC’s holdings in Cameco were worth $996,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. Pingora Partners LLC purchased a new stake in shares of Cameco during the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. boosted its holdings in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after buying an additional 351 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Cameco in the 3rd quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC lifted its position in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Cameco Stock Up 3.3 %

Shares of CCJ stock traded up $1.75 during mid-day trading on Monday, hitting $54.87. The company’s stock had a trading volume of 2,295,467 shares, compared to its average volume of 3,062,027. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The business has a 50-day moving average price of $54.96 and a 200 day moving average price of $49.23. 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 stock has a market cap of $23.88 billion, a price-to-earnings ratio of 288.80 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the business posted $0.24 EPS. Cameco’s revenue was up 25.4% on a year-over-year basis. Research analysts predict that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.118 per share. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s payout ratio is 57.89%.

Cameco Company 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.