WINTON GROUP Ltd Raises Holdings in Cameco Corporation $CCJ

WINTON GROUP Ltd raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 326.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,900 shares of the basic materials company’s stock after purchasing an additional 44,318 shares during the period. WINTON GROUP Ltd’s holdings in Cameco were worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in CCJ. Norges Bank acquired a new stake in Cameco in the second quarter valued at approximately $341,736,000. Alliancebernstein L.P. increased its position in shares of Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Cameco by 215.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock valued at $83,636,000 after purchasing an additional 1,387,797 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in shares of Cameco in the 1st quarter valued at $55,513,000. Finally, Acadian Asset Management LLC lifted its position in shares of Cameco by 1,428.6% during the 2nd quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after purchasing an additional 914,300 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCJ has been the topic of several recent analyst reports. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Raymond James Financial upped their price objective on Cameco to $150.00 in a research report on Wednesday, October 29th. The Goldman Sachs Group raised their target price on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cameco in a report on Tuesday, November 25th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.25.

Cameco Stock Down 0.4%

Cameco stock opened at $90.91 on Tuesday. The company has a market capitalization of $39.58 billion, a P/E ratio of 105.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. The stock has a 50-day simple moving average of $89.52 and a 200-day simple moving average of $79.37.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 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 for the quarter, compared to analyst estimates of $531.72 million. During the same period last year, the firm earned ($0.01) EPS. The company’s quarterly revenue was down 14.7% on a year-over-year basis. Equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a $0.24 dividend. This represents a dividend yield of 27.0%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is presently 19.77%.

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.