Simon Quick Advisors LLC Acquires New Shares in Cameco Co. (NYSE:CCJ)

Simon Quick Advisors LLC bought a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,124 shares of the basic materials company’s stock, valued at approximately $212,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Driehaus Capital Management LLC boosted its position in shares of Cameco by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock valued at $192,622,000 after acquiring an additional 176,183 shares during the period. CIBC Asset Management Inc boosted its holdings in Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the period. Bridgewater Associates LP grew its position in shares of Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after purchasing an additional 410,711 shares in the last quarter. Progeny 3 Inc. raised its position in shares of Cameco by 7.5% in the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after buying an additional 159,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Cameco by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after buying an additional 187,512 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 1.4 %

NYSE CCJ opened at $56.09 on Friday. 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 stock’s 50-day simple moving average is $54.65 and its two-hundred day simple moving average is $49.37. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market capitalization of $24.42 billion, a price-to-earnings ratio of 295.24 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. During the same period in the prior year, the business posted $0.24 earnings per share. The business’s quarterly revenue was up 25.4% on a year-over-year basis. Research analysts forecast that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $0.118 per share. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded 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 issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company 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.