Cameco Co. (NYSE:CCJ) Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,573 shares of the basic materials company’s stock after purchasing an additional 598 shares during the quarter. Park Avenue Securities LLC’s holdings in Cameco were worth $286,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. Pingora Partners LLC acquired a new stake in shares of Cameco during the 3rd quarter valued at $33,000. First Horizon Advisors Inc. boosted its stake in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Cameco in the 3rd quarter worth $38,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of NYSE:CCJ opened at $56.09 on Friday. The company has a market cap of $24.42 billion, a P/E ratio of 295.24 and a beta of 0.95. The company’s fifty day moving average is $54.70 and its two-hundred day moving average is $49.42. 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 Co. has a 12-month low of $35.43 and a 12-month high of $62.55.

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 (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 business had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. 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 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 was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Cameco presently has an average 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.