Capital Fund Management S.A. raised its stake in shares of Cameco Corp. (NYSE:CCJ) by 2,952.3% during the second quarter, Holdings Channel reports. The fund owned 393,804 shares of the company’s stock after buying an additional 380,902 shares during the period. Capital Fund Management S.A.’s holdings in Cameco Corp. were worth $4,320,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CCJ. AMF Pensionsforsakring AB raised its stake in Cameco Corp. by 29.7% in the first quarter. AMF Pensionsforsakring AB now owns 16,600 shares of the company’s stock valued at $215,000 after buying an additional 3,800 shares during the last quarter. Highstreet Asset Management Inc. raised its stake in Cameco Corp. by 4.0% in the second quarter. Highstreet Asset Management Inc. now owns 37,810 shares of the company’s stock valued at $415,000 after buying an additional 1,451 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in Cameco Corp. during the second quarter valued at about $452,000. 1832 Asset Management L.P. raised its stake in Cameco Corp. by 51.1% in the first quarter. 1832 Asset Management L.P. now owns 29,819 shares of the company’s stock valued at $497,000 after buying an additional 10,082 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Cameco Corp. during the first quarter valued at about $520,000. 55.84% of the stock is owned by institutional investors and hedge funds.
Shares of Cameco Corp. (NYSE:CCJ) traded down 1.38% on Friday, hitting $8.56. 1,974,639 shares of the stock were exchanged. The company has a 50-day moving average price of $9.14 and a 200-day moving average price of $10.93. The firm’s market capitalization is $3.39 billion. Cameco Corp. has a one year low of $8.33 and a one year high of $14.52.
Cameco Corp. (NYSE:CCJ) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.30. Cameco Corp. had a negative net margin of 3.18% and a positive return on equity of 2.96%. The firm earned $466 million during the quarter, compared to the consensus estimate of $568.78 million. During the same period last year, the business earned $0.12 EPS. The business’s revenue was down 17.5% on a year-over-year basis. Equities research analysts expect that Cameco Corp. will post $0.70 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.0757 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, September 28th. Cameco Corp.’s dividend payout ratio (DPR) is presently -206.65%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cameco Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Dundee Securities reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Cameco Corp. in a research note on Wednesday, August 10th. Scotiabank reaffirmed a “sector perform” rating and issued a $13.50 price objective on shares of Cameco Corp. in a research note on Thursday, September 22nd. Royal Bank Of Canada cut their target price on shares of Cameco Corp. from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $17.00 target price (down previously from $20.00) on shares of Cameco Corp. in a research report on Sunday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.86.
Cameco Corp. Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is 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 Corp. (NYSE:CCJ).
Receive News & Ratings for Cameco Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corp. and related companies with MarketBeat.com's FREE daily email newsletter.