Sterling Investment Management LLC Sells 729 Shares of Cameco Co. (NYSE:CCJ)

Sterling Investment Management LLC reduced its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,330 shares of the basic materials company’s stock after selling 729 shares during the period. Cameco makes up about 1.9% of Sterling Investment Management LLC’s investment portfolio, making the stock its 18th largest position. Sterling Investment Management LLC’s holdings in Cameco were worth $2,381,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 worth $27,000 after buying an additional 238 shares in the last quarter. Pingora Partners LLC acquired a new stake in shares of Cameco during the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. increased its stake in Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Cameco in the third quarter worth about $38,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares during the period. 70.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Stock Up 3.8 %

NYSE CCJ opened at $53.60 on Wednesday. The stock’s 50 day simple moving average is $54.52 and its 200 day simple moving average is $49.24. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The firm has a market cap of $23.33 billion, a PE ratio of 282.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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 net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the business posted $0.24 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

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