Crossmark Global Holdings Inc. Sells 9,804 Shares of Cameco Co. (NYSE:CCJ)

Crossmark Global Holdings Inc. cut its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 42.6% in the third quarter, HoldingsChannel reports. The fund owned 13,215 shares of the basic materials company’s stock after selling 9,804 shares during the period. Crossmark Global Holdings Inc.’s holdings in Cameco were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC bought a new position in shares of Cameco in the third quarter worth approximately $1,680,000. Tidal Investments LLC boosted its holdings in Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock worth $868,000 after buying an additional 2,683 shares during the period. Country Club Bank purchased a new stake in Cameco in the 3rd quarter worth $2,093,000. Van ECK Associates Corp raised its holdings in Cameco by 48.1% during the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock valued at $75,691,000 after acquiring an additional 515,046 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Cameco in the first quarter valued at about $30,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Cameco stock opened at $53.57 on Friday. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $58.72. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $49.40 and its 200 day moving average is $48.30. The company has a market cap of $23.31 billion, a price-to-earnings ratio of 281.95 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results 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 the consensus estimate of $646.83 million. During the same period in the previous year, the business posted $0.24 EPS. The firm’s revenue was up 25.4% on a year-over-year basis. Sell-side analysts forecast that Cameco Co. will post 0.69 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. The ex-dividend date is 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 currently 57.89%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CCJ shares. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank lowered their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Glj Research reiterated a “buy” rating and issued a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price 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.