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

Beck Capital Management LLC boosted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,983 shares of the basic materials company’s stock after acquiring an additional 3,826 shares during the period. Cameco makes up approximately 1.8% of Beck Capital Management LLC’s holdings, making the stock its 15th largest holding. Beck Capital Management LLC’s holdings in Cameco were worth $6,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Glenmede Trust Co. NA raised its stake in shares of Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 191 shares during the last quarter. S.A. Mason LLC boosted its holdings in Cameco by 6.0% during the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock worth $175,000 after buying an additional 206 shares during the last quarter. Silvia Mccoll Wealth Management LLC grew its holdings in Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 210 shares during the period. EdgeRock Capital LLC raised its stake in Cameco by 1.7% during the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after buying an additional 224 shares during the period. Finally, LRI Investments LLC raised its position in shares of Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 234 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 2.8 %

Cameco stock opened at $59.45 on Monday. The company has a market capitalization of $25.87 billion, a P/E ratio of 312.91 and a beta of 0.89. The firm has a 50 day moving average price of $53.36 and a 200-day moving average price of $48.93. 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 Co. has a twelve month low of $35.43 and a twelve month high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same period last year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, equities analysts predict that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.118 dividend. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CCJ shares. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Glj Research restated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank dropped their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $66.56.

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.