Cameco Co. (NYSE:CCJ) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lifted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 18.3% in the third quarter, Holdings Channel reports. The firm owned 356,289 shares of the basic materials company’s stock after acquiring an additional 55,000 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Cameco were worth $17,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC raised its position in Cameco by 15.5% in the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock worth $868,000 after acquiring an additional 2,683 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Cameco by 22.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 124,821 shares of the basic materials company’s stock valued at $5,338,000 after buying an additional 22,820 shares during the period. First Hawaiian Bank increased its holdings in Cameco by 9.3% in the 2nd quarter. First Hawaiian Bank now owns 5,763 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 490 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Cameco by 1,051.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,696 shares of the basic materials company’s stock valued at $182,000 after buying an additional 3,375 shares during the period. Finally, CWM LLC lifted its position in shares of Cameco by 15.4% during the second quarter. CWM LLC now owns 2,663 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 355 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 2.8 %

NYSE:CCJ opened at $59.45 on Monday. The stock has a fifty day simple moving average of $53.36 and a 200 day simple moving average of $48.93. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 312.91 and a beta of 0.89. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data 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 firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Sell-side analysts forecast that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent analyst reports. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Glj Research reissued a “buy” rating and set a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Scotiabank decreased their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $66.56.

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.