Cameco Co. (NYSE:CCJ) Shares Sold by Fmr LLC

Fmr LLC trimmed its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 44.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,827,771 shares of the basic materials company’s stock after selling 16,893,316 shares during the quarter. Fmr LLC’s holdings in Cameco were worth $994,944,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. LRI Investments LLC purchased a new position in Cameco in the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 351 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after buying an additional 550 shares during the period. Finally, Blue Trust Inc. boosted its stake in Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Down 1.4 %

NYSE CCJ opened at $57.81 on Thursday. The company has a market capitalization of $25.16 billion, a PE ratio of 304.28 and a beta of 0.89. The stock has a 50-day simple moving average of $52.73 and a 200 day simple moving average of $48.81. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $0.24 EPS. Research analysts forecast that Cameco Co. will post 0.7 EPS for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $0.118 dividend. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio is presently 47.37%.

Analysts Set New Price Targets

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