Beck Capital Management LLC Acquires 3,826 Shares of Cameco Co. (NYSE:CCJ)

Beck Capital Management LLC raised its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.9% during the third quarter, HoldingsChannel reports. The fund owned 137,983 shares of the basic materials company’s stock after buying an additional 3,826 shares during the period. Cameco comprises approximately 1.8% of Beck Capital Management LLC’s holdings, making the stock its 15th largest position. Beck Capital Management LLC’s holdings in Cameco were worth $6,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Telemark Asset Management LLC raised its stake in Cameco by 8.3% during the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after buying an additional 100,000 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new position in shares of Cameco during the 3rd quarter valued at about $1,680,000. Swiss National Bank increased its stake 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 acquiring an additional 11,600 shares during the last quarter. Tidal Investments LLC increased its position in Cameco by 15.5% in the first 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 last quarter. Finally, Country Club Bank purchased a new stake in shares of Cameco during the 3rd quarter valued at about $2,093,000. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCJ. Glj Research restated a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Scotiabank dropped their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. 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, Cameco currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Price Performance

NYSE:CCJ opened at $59.45 on Monday. The stock has a 50 day moving average price of $53.36 and a 200 day moving average price of $48.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market cap of $25.87 billion, a PE ratio of 312.91 and a beta of 0.89. Cameco Co. has a one year low of $35.43 and a one year high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results 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 company had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities research analysts expect that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Shareholders 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 an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is 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.