Cameco Co. (NYSE:CCJ) Shares Sold by Park Place Capital Corp

Park Place Capital Corp reduced its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,213 shares of the basic materials company’s stock after selling 218 shares during the quarter. Park Place Capital Corp’s holdings in Cameco were worth $165,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CCJ. Driehaus Capital Management LLC grew its holdings in Cameco by 4.7% during the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock worth $192,622,000 after acquiring an additional 176,183 shares during the period. CIBC Asset Management Inc boosted 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 worth $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after purchasing an additional 410,711 shares during the period. Progeny 3 Inc. lifted its stake in shares of 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 purchasing an additional 159,200 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Cameco by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after buying an additional 187,512 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 5.3 %

Shares of NYSE:CCJ opened at $56.38 on Thursday. The business’s 50 day moving average price is $54.50 and its 200-day moving average price is $49.27. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The firm has a market capitalization of $24.54 billion, a price-to-earnings ratio of 296.73 and a beta of 0.95. 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). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities research analysts forecast that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. One 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.