Union Bancaire Privee UBP SA Purchases Shares of 28,852 Cameco Co. (NYSE:CCJ)

Union Bancaire Privee UBP SA acquired a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,852 shares of the basic materials company’s stock, valued at approximately $1,420,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in Cameco by 285.3% during the 2nd quarter. Sei Investments Co. now owns 71,774 shares of the basic materials company’s stock valued at $3,530,000 after buying an additional 53,144 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in Cameco by 1,489.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 108,100 shares of the basic materials company’s stock valued at $5,319,000 after acquiring an additional 101,300 shares in the last quarter. Creative Planning lifted its stake in Cameco by 53.4% in the 2nd quarter. Creative Planning now owns 50,352 shares of the basic materials company’s stock worth $2,477,000 after purchasing an additional 17,536 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Cameco by 78.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,788 shares of the basic materials company’s stock worth $285,000 after purchasing an additional 2,552 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Cameco during the 2nd quarter valued at about $542,000. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One equities research 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.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Down 15.2 %

Shares of NYSE CCJ opened at $47.50 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The firm’s 50-day moving average price is $54.70 and its 200-day moving average price is $49.39. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 250.02 and a beta of 0.95.

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). The company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. On average, equities research analysts anticipate that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.118 per share. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s payout ratio is presently 63.16%.

About Cameco

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.