Westend Capital Management LLC Has $18.88 Million Stock Holdings in Cameco Corporation $CCJ

Westend Capital Management LLC cut its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,082 shares of the basic materials company’s stock after selling 44,541 shares during the quarter. Cameco makes up about 5.5% of Westend Capital Management LLC’s portfolio, making the stock its 6th largest position. Westend Capital Management LLC owned approximately 0.05% of Cameco worth $18,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont boosted its position in shares of Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares during the period. Hilltop National Bank bought a new position in Cameco in the second quarter worth approximately $30,000. Atticus Wealth Management LLC acquired a new stake in Cameco in the second quarter valued at approximately $34,000. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Cameco during the second quarter valued at approximately $35,000. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of NYSE CCJ opened at $92.88 on Monday. The company has a market capitalization of $40.44 billion, a PE ratio of 107.99 and a beta of 1.07. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $90.61 and its 200-day moving average price is $82.38. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The business’s revenue was down 14.7% compared to the same quarter last year. On average, equities analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were issued a $0.24 dividend. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 27.0%. Cameco’s payout ratio is presently 19.77%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. CLSA started coverage on shares of Cameco in a research report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 22nd. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. One equities research 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 company. According to MarketBeat.com, Cameco has an average rating of “Moderate Buy” and a consensus target price of $117.25.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.