Union Bancaire Privee UBP SA Takes $1.42 Million Position in Cameco Co. (NYSE:CCJ)

Union Bancaire Privee UBP SA purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,852 shares of the basic materials company’s stock, valued at approximately $1,420,000.

Other large investors also recently bought and sold shares of the company. Sei Investments Co. lifted its position in shares of Cameco by 285.3% during the second quarter. Sei Investments Co. now owns 71,774 shares of the basic materials company’s stock worth $3,530,000 after purchasing an additional 53,144 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Cameco by 1,489.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 108,100 shares of the basic materials company’s stock valued at $5,319,000 after buying an additional 101,300 shares in the last quarter. Creative Planning lifted its holdings in Cameco by 53.4% during the 2nd quarter. Creative Planning now owns 50,352 shares of the basic materials company’s stock valued at $2,477,000 after buying an additional 17,536 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Cameco by 78.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,788 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 2,552 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Cameco during the second quarter worth approximately $542,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

NYSE CCJ opened at $47.50 on Tuesday. The company has a market cap of $20.68 billion, a PE ratio of 250.02 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 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’s 50 day moving average price is $54.70 and its 200-day moving average price is $49.39.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 25.4% on a year-over-year basis. Sell-side analysts forecast that Cameco Co. will post 0.47 EPS 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 $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco has an average rating of “Buy” and a consensus 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.