Cameco Co. (NYSE:CCJ) Stake Reduced by Crewe Advisors LLC

Crewe Advisors LLC lowered its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 50.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the basic materials company’s stock after selling 1,000 shares during the period. Crewe Advisors LLC’s holdings in Cameco were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. MGB Wealth Management LLC boosted its stake in shares of Cameco by 29.1% during the 3rd quarter. MGB Wealth Management LLC now owns 8,870 shares of the basic materials company’s stock worth $424,000 after acquiring an additional 2,000 shares in the last quarter. Cerity Partners LLC increased its stake in Cameco by 78.8% in the 3rd quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company’s stock worth $999,000 after purchasing an additional 9,222 shares in the last quarter. Nwam LLC acquired a new stake in Cameco during the 3rd quarter worth about $3,063,000. Telemark Asset Management LLC boosted its holdings in shares of Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after buying an additional 100,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Cameco by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 902,640 shares of the basic materials company’s stock worth $43,169,000 after acquiring an additional 29,617 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of CCJ opened at $60.11 on Monday. 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 firm has a market cap of $26.16 billion, a PE ratio of 316.37 and a beta of 0.89. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $60.98. The firm’s 50 day moving average price is $51.66 and its 200 day moving average price is $48.65.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (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 business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, research analysts expect that Cameco Co. will post 0.7 EPS for the current fiscal year.

Cameco Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank decreased their price target 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. Finally, Glj Research reiterated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.