Atria Investments Inc Trims Stock Holdings in Cameco Co. (NYSE:CCJ)

Atria Investments Inc decreased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,232 shares of the basic materials company’s stock after selling 908 shares during the period. Atria Investments Inc’s holdings in Cameco were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC purchased a new position in Cameco in the 3rd quarter worth $14,113,000. Hollencrest Capital Management raised its stake in Cameco by 3.1% in the 3rd quarter. Hollencrest Capital Management now owns 42,091 shares of the basic materials company’s stock worth $2,010,000 after acquiring an additional 1,266 shares during the last quarter. Heritage Wealth Management Inc. raised its stake in Cameco by 280.4% in the 3rd quarter. Heritage Wealth Management Inc. now owns 30,625 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 22,575 shares during the last quarter. Confluence Investment Management LLC raised its stake in Cameco by 4.0% in the 3rd quarter. Confluence Investment Management LLC now owns 22,118 shares of the basic materials company’s stock worth $1,056,000 after acquiring an additional 859 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after acquiring an additional 245,831 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CCJ shares. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank reduced their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Glj Research reiterated a “buy” rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Finally, National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Up 0.9 %

CCJ stock opened at $53.59 on Friday. The firm has a market cap of $23.32 billion, a PE ratio of 282.05 and a beta of 0.89. 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 $49.73 and its 200-day moving average price is $48.33. Cameco Co. has a one year low of $35.43 and a one year high of $58.72.

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 analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities research analysts anticipate that Cameco Co. will post 0.69 EPS for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.118 dividend. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 57.89%.

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.