Stone House Investment Management LLC Grows Position in Cameco Co. (NYSE:CCJ)

Stone House Investment Management LLC raised its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1,360.0% during the third quarter, HoldingsChannel.com reports. The firm owned 1,022 shares of the basic materials company’s stock after purchasing an additional 952 shares during the period. Stone House Investment Management LLC’s holdings in Cameco were worth $49,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Cameco during the first quarter valued at $26,000. First Horizon Advisors Inc. increased its position in shares of Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the period. JFS Wealth Advisors LLC raised its stake in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Glj Research reissued a “buy” rating and issued a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank decreased their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Price Performance

CCJ traded up $0.03 during midday trading on Wednesday, hitting $58.54. 403,207 shares of the company traded hands, compared to its average volume of 4,434,380. The company has a market capitalization of $25.48 billion, a price-to-earnings ratio of 308.54 and a beta of 0.89. The business has a 50 day simple moving average of $52.37 and a two-hundred day simple moving average of $48.75. 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 52-week low of $35.43 and a 52-week high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the prior year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities analysts forecast that Cameco Co. will post 0.7 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is 47.37%.

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.