Penserra Capital Management LLC Sells 48,612 Shares of Cameco Co. (NYSE:CCJ)

Penserra Capital Management LLC reduced its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 54.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,162 shares of the basic materials company’s stock after selling 48,612 shares during the period. Penserra Capital Management LLC’s holdings in Cameco were worth $1,965,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC increased its holdings in shares of Cameco by 78.8% in the third quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company’s stock worth $999,000 after purchasing an additional 9,222 shares during the last quarter. Nwam LLC bought a new stake in Cameco in the 3rd quarter worth approximately $3,063,000. Telemark Asset Management LLC raised its holdings in shares of 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 worth $62,088,000 after acquiring an additional 100,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Cameco by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 902,640 shares of the basic materials company’s stock valued at $43,169,000 after acquiring an additional 29,617 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Cameco by 44.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after purchasing an additional 664,828 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 3.4 %

Shares of NYSE CCJ opened at $58.10 on Tuesday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $60.98. The firm has a 50-day simple moving average of $52.01 and a two-hundred day simple moving average of $48.69. The company has a market cap of $25.28 billion, a P/E ratio of 305.78 and a beta of 0.89. 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 issued its quarterly 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the business posted $0.24 earnings per share. Cameco’s revenue was up 25.4% on a year-over-year basis. Research analysts anticipate that Cameco Co. will post 0.7 earnings per share for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s dividend payout ratio (DPR) is presently 47.37%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Glj Research reaffirmed a “buy” rating and issued a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Scotiabank cut their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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.