Public Sector Pension Investment Board Buys 9,489 Shares of Cameco Co. (NYSE:CCJ)

Public Sector Pension Investment Board lifted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,359 shares of the basic materials company’s stock after acquiring an additional 9,489 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cameco were worth $3,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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. raised its holdings in shares of 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 period. LRI Investments LLC lifted its position in shares of Cameco by 39.0% during the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock valued at $41,000 after buying an additional 234 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. Finally, Stone House Investment Management LLC raised its stake in Cameco by 1,360.0% in the 3rd quarter. Stone House Investment Management LLC now owns 1,022 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 952 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ stock opened at $59.39 on Wednesday. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 312.60 and a beta of 0.91. The stock has a fifty day moving average of $53.87 and a 200 day moving average of $49.04. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $61.05. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results 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). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period in the previous year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, research analysts expect that Cameco Co. will post 0.51 earnings per share 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 paid a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

A number of research analysts have weighed in on CCJ shares. Scotiabank reduced their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Glj Research reiterated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.