Cadinha & Co. LLC Sells 400,686 Shares of Cameco Co. (NYSE:CCJ)

Cadinha & Co. LLC cut its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 95.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,013 shares of the basic materials company’s stock after selling 400,686 shares during the period. Cadinha & Co. LLC’s holdings in Cameco were worth $977,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CCJ. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Cameco by 71.5% during the 3rd 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 bought a new stake in Cameco during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. lifted its stake in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Cameco in the 3rd quarter worth approximately $38,000. Finally, JFS Wealth Advisors LLC boosted its holdings in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 550 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $66.56.

Cameco Trading Up 4.3 %

Shares of Cameco stock opened at $51.62 on Friday. The company has a 50 day simple moving average of $54.53 and a two-hundred day simple moving average of $49.24. The firm has a market cap of $22.47 billion, a PE ratio of 271.69 and a beta of 0.95. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.118 per share. The ex-dividend date was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio is 63.16%.

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.