Sterling Investment Management LLC Has $2.38 Million Position in Cameco Co. (NYSE:CCJ)

Sterling Investment Management LLC lessened its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,330 shares of the basic materials company’s stock after selling 729 shares during the period. Cameco accounts for 1.9% of Sterling Investment Management LLC’s portfolio, making the stock its 18th largest position. Sterling Investment Management LLC’s holdings in Cameco were worth $2,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. Driehaus Capital Management LLC boosted its position in shares of Cameco by 4.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock worth $192,622,000 after purchasing an additional 176,183 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the period. Bridgewater Associates LP increased its stake in shares of Cameco by 19.9% in the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after acquiring an additional 410,711 shares during the last quarter. Progeny 3 Inc. boosted its stake in Cameco by 7.5% during the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after acquiring an additional 159,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Cameco by 9.4% in the 3rd 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 buying an additional 187,512 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

NYSE CCJ opened at $53.60 on Wednesday. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The firm’s 50 day moving average is $54.52 and its 200-day moving average is $49.24. The company has a market capitalization of $23.33 billion, a PE ratio of 282.10 and a beta of 0.95. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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 net margin of 4.15% and a return on equity of 3.33%. The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the business earned $0.24 EPS. Cameco’s revenue was up 25.4% on a year-over-year basis. Equities research analysts anticipate that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently declared 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 positive change from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. Cameco’s dividend payout ratio is 63.16%.

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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $66.56.

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.