Channel Wealth LLC Sells 20,101 Shares of Cameco Co. (NYSE:CCJ)

Channel Wealth LLC lessened its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 37.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,214 shares of the basic materials company’s stock after selling 20,101 shares during the quarter. Channel Wealth LLC’s holdings in Cameco were worth $1,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCJ. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. Pingora Partners LLC acquired a new position in Cameco during the third quarter valued at approximately $33,000. First Horizon Advisors Inc. grew its holdings in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Cameco during the third quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC grew its holdings in Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 0.4 %

Shares of Cameco stock opened at $49.46 on Friday. The company’s fifty day simple moving average is $54.55 and its 200-day simple moving average is $49.24. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 260.31 and a beta of 0.95. 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 1 year low of $35.43 and a 1 year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted 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 return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts expect that Cameco Co. will post 0.47 EPS for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.118 per share. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is currently 63.16%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus target price of $66.56.

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.