Caxton Associates LLP Boosts Position in Cameco Corporation $CCJ

Caxton Associates LLP raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4,567.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 581,226 shares of the basic materials company’s stock after buying an additional 568,774 shares during the period. Cameco comprises 1.1% of Caxton Associates LLP’s holdings, making the stock its 11th biggest holding. Caxton Associates LLP’s holdings in Cameco were worth $43,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Bison Wealth LLC raised its stake in shares of Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after acquiring an additional 2,975 shares in the last quarter. Nuveen LLC purchased a new position in Cameco during the 1st quarter worth $29,290,000. Prudential PLC raised its position in Cameco by 10.4% during the 1st quarter. Prudential PLC now owns 18,350 shares of the basic materials company’s stock valued at $755,000 after purchasing an additional 1,730 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Cameco by 11.8% in the 1st quarter. Russell Investments Group Ltd. now owns 153,255 shares of the basic materials company’s stock worth $6,320,000 after buying an additional 16,153 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in shares of Cameco by 2,696.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 24,971 shares of the basic materials company’s stock worth $1,028,000 after buying an additional 24,078 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Down 4.3%

NYSE CCJ opened at $91.58 on Friday. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $110.15. The company has a 50 day moving average price of $90.29 and a 200 day moving average price of $80.19. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The firm has a market cap of $39.87 billion, a PE ratio of 106.49 and a beta of 1.07.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a return on equity of 8.58% and a net margin of 15.24%.The firm had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. Cameco’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a $0.24 dividend. This represents a yield of 27.0%. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. Cameco’s dividend payout ratio (DPR) is 19.77%.

Analysts Set New Price Targets

Several research firms recently weighed in on CCJ. National Bankshares restated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Raymond James Financial raised their target price on shares of Cameco to $150.00 in a research report on Wednesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Scotiabank reissued an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Finally, Glj Research reissued a “buy” rating and issued a $99.74 price objective on shares of Cameco in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

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.