De Lisle Partners LLP Buys 41,000 Shares of Cameco Co. (NYSE:CCJ)

De Lisle Partners LLP lifted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 472,706 shares of the basic materials company’s stock after buying an additional 41,000 shares during the quarter. Cameco comprises approximately 3.7% of De Lisle Partners LLP’s holdings, making the stock its 2nd largest position. De Lisle Partners LLP’s holdings in Cameco were worth $22,583,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CCJ. Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 valued at $27,000 after buying an additional 238 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Cameco in the first quarter worth $26,000. First Horizon Advisors Inc. grew its position in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Finally, Stone House Investment Management LLC raised its position in shares of Cameco by 1,360.0% during the third quarter. Stone House Investment Management LLC now owns 1,022 shares of the basic materials company’s stock valued at $49,000 after buying an additional 952 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Down 1.4 %

Shares of NYSE:CCJ opened at $57.81 on Thursday. The company’s fifty day moving average is $52.73 and its 200-day moving average is $48.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $60.98. The company has a market capitalization of $25.16 billion, a PE ratio of 304.28 and a beta of 0.89.

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). The firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. Equities research analysts predict that Cameco Co. will post 0.7 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. This represents a yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is currently 47.37%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCJ. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank reduced their target price on 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 shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Glj Research reissued a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.