Cameco Corporation (CCJ) is Global X MANAGEMENT CO LLC’s 4th Largest Position
Global X MANAGEMENT CO LLC lifted its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,772,733 shares of the basic materials company’s stock after purchasing an additional 1,184,992 shares during the period. Cameco Corporation comprises about 1.8% of Global X MANAGEMENT CO LLC’s portfolio, making the stock its 4th biggest holding. Global X MANAGEMENT CO LLC owned about 1.71% of Cameco Corporation worth $65,255,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Brookstone Capital Management lifted its stake in shares of Cameco Corporation by 9.8% in the 2nd quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,033 shares during the period. Usca Ria LLC lifted its stake in shares of Cameco Corporation by 4.6% in the 2nd quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 510 shares during the period. Mitchell Sinkler & Starr PA acquired a new position in shares of Cameco Corporation in the 3rd quarter valued at $113,000. HRT Financial LLC acquired a new position in shares of Cameco Corporation in the 2nd quarter valued at $129,000. Finally, Creative Planning raised its position in Cameco Corporation by 55.3% during the second quarter. Creative Planning now owns 15,541 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 5,531 shares during the period. Hedge funds and other institutional investors own 56.43% of the company’s stock.
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Shares of Cameco Corporation (NYSE CCJ) traded up $0.07 on Friday, hitting $9.41. 1,159,776 shares of the company were exchanged, compared to its average volume of 2,680,000. The company has a quick ratio of 2.16, a current ratio of 5.40 and a debt-to-equity ratio of 0.30. Cameco Corporation has a 12-month low of $7.68 and a 12-month high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.20). Cameco Corporation had a negative net margin of 13.04% and a negative return on equity of 0.69%. The firm had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $486.84 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue for the quarter was down 27.5% compared to the same quarter last year. equities research analysts anticipate that Cameco Corporation will post 0.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.078 per share. This represents a $0.31 annualized dividend and a yield of 3.32%. The ex-dividend date is Thursday, December 28th. Cameco Corporation’s dividend payout ratio (DPR) is presently -56.14%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Cameco Corporation from a “buy” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Scotiabank cut shares of Cameco Corporation from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. BidaskClub cut shares of Cameco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. TheStreet cut shares of Cameco Corporation from a “c” rating to a “d+” rating in a research report on Friday, October 27th. Finally, Royal Bank Of Canada reduced their price objective on shares of Cameco Corporation from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Cameco Corporation currently has an average rating of “Hold” and a consensus price target of $15.22.
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.
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