Hager Investment Management Services LLC Buys Shares of 30,123 Cameco Co. (NYSE:CCJ)

Hager Investment Management Services LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,123 shares of the basic materials company’s stock, valued at approximately $1,548,000.

A number of other institutional investors have also recently modified their holdings of CCJ. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cameco by 78.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,788 shares of the basic materials company’s stock valued at $285,000 after buying an additional 2,552 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Cameco during the second quarter worth $349,000. Park Avenue Securities LLC boosted its position in Cameco by 18.9% during the third quarter. Park Avenue Securities LLC now owns 4,975 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 790 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in Cameco by 7.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 9,609 shares of the basic materials company’s stock worth $459,000 after purchasing an additional 632 shares in the last quarter. Finally, Anderson Hoagland & Co. purchased a new stake in Cameco during the third quarter worth $1,156,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Up 6.0 %

CCJ opened at $50.30 on Wednesday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a market cap of $21.90 billion, a price-to-earnings ratio of 264.76 and a beta of 0.94. The business’s fifty day moving average is $53.56 and its two-hundred day moving average is $49.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 25.4% compared to the same quarter last year. Analysts anticipate that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

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

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.