Cameco Co. (NYSE:CCJ) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356,289 shares of the basic materials company’s stock after purchasing an additional 55,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.08% of Cameco worth $17,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Beck Capital Management LLC lifted its stake in Cameco by 2.9% in the 3rd quarter. Beck Capital Management LLC now owns 137,983 shares of the basic materials company’s stock valued at $6,590,000 after buying an additional 3,826 shares in the last quarter. TOMS Capital Investment Management LP purchased a new position in shares of Cameco in the third quarter valued at approximately $2,331,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Cameco by 130.3% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 139,971 shares of the basic materials company’s stock worth $6,686,000 after acquiring an additional 79,206 shares during the last quarter. JAT Capital Mgmt LP acquired a new position in Cameco in the 3rd quarter valued at $4,776,000. Finally, Flow Traders U.S. LLC purchased a new position in Cameco in the 3rd quarter valued at $337,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $59.45 on Monday. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $60.98. The business has a fifty day moving average of $53.36 and a two-hundred day moving average of $48.93. The stock has a market cap of $25.87 billion, a price-to-earnings ratio of 312.91 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

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 last year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, research analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco’s dividend payout ratio is 63.16%.

Analyst Ratings Changes

CCJ has been the topic of a number of recent research reports. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank reduced their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Glj Research reissued a “buy” rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Company 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.