Cameco Co. (NYSE:CCJ) is Seelaus Asset Management LLC’s 8th Largest Position

Seelaus Asset Management LLC trimmed its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.5% during the third quarter, Holdings Channel.com reports. The fund owned 44,155 shares of the basic materials company’s stock after selling 215 shares during the period. Cameco accounts for about 1.9% of Seelaus Asset Management LLC’s investment portfolio, making the stock its 8th biggest position. Seelaus Asset Management LLC’s holdings in Cameco were worth $2,123,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCJ. Massachusetts Financial Services Co. MA acquired a new stake in shares of Cameco during the second quarter worth about $73,125,000. CIBC Asset Management Inc increased its stake in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the period. M&G PLC acquired a new stake in Cameco during the 3rd quarter worth approximately $66,227,000. King Luther Capital Management Corp purchased a new position in Cameco in the 2nd quarter valued at approximately $32,740,000. Finally, Van ECK Associates Corp grew its stake in shares of Cameco by 48.1% in the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock worth $75,691,000 after acquiring an additional 515,046 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 0.9 %

NYSE CCJ opened at $53.57 on Friday. The firm’s fifty day moving average price is $49.73 and its 200 day moving average price is $48.33. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $58.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 281.95 and a beta of 0.89.

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 the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, sell-side analysts expect that Cameco Co. will post 0.69 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.118 dividend. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is currently 57.89%.

Analyst Ratings Changes

CCJ has been the subject of a number of recent research reports. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research reissued a “buy” rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Scotiabank decreased their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.