Centiva Capital LP Raises Stock Holdings in Cameco Co. (NYSE:CCJ)

Centiva Capital LP boosted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 30.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,322 shares of the basic materials company’s stock after buying an additional 7,025 shares during the quarter. Centiva Capital LP’s holdings in Cameco were worth $1,448,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new position in Cameco in the second quarter valued at $73,125,000. CIBC Asset Management Inc increased its position in shares of Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. M&G PLC purchased a new stake in Cameco in the third quarter valued at approximately $66,227,000. Fred Alger Management LLC boosted its stake in Cameco by 99.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after purchasing an additional 839,077 shares during the period. Finally, King Luther Capital Management Corp purchased a new position in Cameco during the 2nd quarter worth $32,740,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Cameco stock opened at $59.39 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a one year low of $35.43 and a one year high of $61.05. The company has a market cap of $25.85 billion, a P/E ratio of 312.60 and a beta of 0.91. The business has a fifty day moving average of $53.87 and a two-hundred day moving average of $49.04.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS 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 period last year, the firm earned $0.24 EPS. Cameco’s revenue was up 25.4% compared to the same quarter last year. As a group, analysts predict that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio is 63.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank decreased their price target on 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 reissued a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. One equities research 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. According to MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of $66.56.

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.