TOMS Capital Investment Management LP Invests $2.33 Million in Cameco Co. (NYSE:CCJ)

TOMS Capital Investment Management LP acquired a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, HoldingsChannel reports. The fund acquired 48,800 shares of the basic materials company’s stock, valued at approximately $2,331,000. Cameco makes up 0.1% of TOMS Capital Investment Management LP’s holdings, making the stock its 15th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Telemark Asset Management LLC lifted its holdings in shares of Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after buying an additional 100,000 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new stake in Cameco in the 3rd quarter valued at $1,680,000. Swiss National Bank grew its position in Cameco by 0.9% in the 3rd quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock worth $62,892,000 after purchasing an additional 11,600 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Cameco by 15.5% during the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock worth $868,000 after purchasing an additional 2,683 shares during the period. Finally, Country Club Bank acquired a new position in shares of Cameco during the third quarter valued at about $2,093,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $59.45 on Monday. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 312.91 and a beta of 0.89. The business’s fifty day moving average price is $53.36 and its two-hundred day moving average price is $48.93. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $60.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) 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 analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. As a group, analysts predict that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The firm 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 is an increase from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is presently 63.16%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Glj Research restated a “buy” rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank lowered their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Cameco currently has an average rating of “Buy” and a consensus price target 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.