Cameco Co. (NYSE:CCJ) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 18.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,952 shares of the basic materials company’s stock after selling 1,552 shares during the period. MML Investors Services LLC’s holdings in Cameco were worth $332,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Cameco by 71.5% in 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 buying an additional 238 shares in the last quarter. Pingora Partners LLC acquired a new stake in Cameco in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. increased its holdings in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares in the last quarter. JFS Wealth Advisors LLC raised its position in 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 acquiring an additional 550 shares during the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in shares of Cameco by 1,360.0% in the third quarter. Stone House Investment Management LLC now owns 1,022 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 952 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 1.0 %

CCJ stock opened at $52.62 on Wednesday. The company has a 50 day moving average price of $55.54 and a two-hundred day moving average price of $49.24. 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 stock has a market capitalization of $22.90 billion, a P/E ratio of 276.96 and a beta of 0.91. Cameco Co. has a one year low of $35.43 and a one year 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) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. 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 firm earned $0.24 EPS. Cameco’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, sell-side analysts expect that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is currently 57.89%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One 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. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $66.56.

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.