Mount Yale Investment Advisors LLC Sells 873 Shares of Cameco Co. (NYSE:CCJ)

Mount Yale Investment Advisors LLC lowered its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,737 shares of the basic materials company’s stock after selling 873 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Cameco were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in shares of Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares in the last quarter. M&G PLC acquired a new stake in Cameco during the 3rd quarter worth $66,227,000. Segra Capital Management LLC bought a new stake in shares of Cameco during the 3rd quarter valued at $53,013,000. Fred Alger Management LLC lifted its stake in shares of Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after purchasing an additional 839,077 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after purchasing an additional 664,828 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Stock Performance

Shares of Cameco stock opened at $48.59 on Wednesday. The stock’s fifty day simple moving average is $54.53 and its 200 day simple moving average is $49.35. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $21.15 billion, a PE ratio of 255.77 and a beta of 0.95. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55.

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

Cameco Increases Dividend

The business also recently disclosed 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. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 63.16%.

Cameco 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.