Ameriprise Financial Inc. decreased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,933 shares of the basic materials company’s stock after selling 30,050 shares during the period. Ameriprise Financial Inc.’s holdings in Cameco Corporation were worth $483,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CCJ. FMR LLC raised its holdings in Cameco Corporation by 16.7% during the first quarter. FMR LLC now owns 272,000 shares of the basic materials company’s stock worth $3,011,000 after purchasing an additional 39,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in Cameco Corporation by 2.9% during the first quarter. Vanguard Group Inc. now owns 8,981,534 shares of the basic materials company’s stock worth $99,426,000 after purchasing an additional 251,704 shares in the last quarter. Bank of America Corp DE raised its holdings in Cameco Corporation by 13.1% during the first quarter. Bank of America Corp DE now owns 1,094,310 shares of the basic materials company’s stock worth $12,114,000 after purchasing an additional 126,822 shares in the last quarter. Paloma Partners Management Co bought a new stake in Cameco Corporation during the first quarter worth approximately $301,000. Finally, Capstone Asset Management Co. raised its holdings in Cameco Corporation by 2.4% during the second quarter. Capstone Asset Management Co. now owns 45,836 shares of the basic materials company’s stock worth $417,000 after purchasing an additional 1,070 shares in the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Cameco Corporation from a “buy” rating to a “strong sell” rating in a report on Tuesday, October 31st. Scotiabank cut Cameco Corporation from a “sector perform” rating to an “underperform” rating in a report on Tuesday, October 3rd. BidaskClub cut Cameco Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. TheStreet cut Cameco Corporation from a “c” rating to a “d+” rating in a report on Friday, October 27th. Finally, Royal Bank Of Canada dropped their price target on Cameco Corporation from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.22.
Cameco Corporation (CCJ) opened at $9.36 on Monday. Cameco Corporation has a twelve month low of $7.68 and a twelve month high of $13.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.16 and a current ratio of 5.40.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, October 27th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20). Cameco Corporation had a negative return on equity of 0.69% and a negative net margin of 13.04%. The firm had revenue of $486.00 million for the quarter, compared to analysts’ expectations of $486.84 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was down 27.5% on a year-over-year basis. research analysts anticipate that Cameco Corporation will post 0.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.078 per share. This represents a $0.31 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, December 28th. Cameco Corporation’s payout ratio is -57.14%.
Cameco Corporation Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJ) (TSE:CCO).
Receive News & Ratings for Cameco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.