Mediolanum International Funds Ltd Buys 7,142 Shares of Cameco Co. (NYSE:CCJ)

Mediolanum International Funds Ltd lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 149.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,936 shares of the basic materials company’s stock after acquiring an additional 7,142 shares during the period. Mediolanum International Funds Ltd’s holdings in Cameco were worth $610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after acquiring an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP lifted its position in 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 in the last quarter. Progeny 3 Inc. lifted its position in Cameco by 7.5% in the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after acquiring an additional 159,200 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in 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 acquiring an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after acquiring an additional 664,828 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 1.7 %

NYSE:CCJ opened at $49.43 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 $21.52 billion, a price-to-earnings ratio of 260.17 and a beta of 0.95. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The firm has a 50-day moving average price of $53.78 and a two-hundred day moving average price of $49.30.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data 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). The firm had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. On average, equities analysts expect that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

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.