Country Club Bank Sells 285 Shares of Cameco Co. (NYSE:CCJ)

Country Club Bank trimmed its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 43,329 shares of the basic materials company’s stock after selling 285 shares during the quarter. Country Club Bank’s holdings in Cameco were worth $2,224,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Pingora Partners LLC bought a new stake in Cameco in the third quarter worth approximately $33,000. First Horizon Advisors Inc. increased its holdings in Cameco by 84.2% in the third 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Cameco in the third quarter worth approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Up 6.0 %

Shares of CCJ stock opened at $50.30 on Wednesday. The company has a market cap of $21.90 billion, a P/E ratio of 264.76 and a beta of 0.94. The stock has a 50 day simple moving average of $53.56 and a two-hundred day simple moving average of $49.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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). The business had revenue of $721.00 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.24 earnings per share. Research analysts forecast that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s payout ratio is currently 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.