Leavell Investment Management Inc. Decreases Stock Position in Cameco Co. (NYSE:CCJ)

Leavell Investment Management Inc. decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 53,650 shares of the basic materials company’s stock after selling 400 shares during the quarter. Leavell Investment Management Inc.’s holdings in Cameco were worth $2,562,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCJ. Vanguard Group Inc. grew its holdings in Cameco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock valued at $689,306,000 after buying an additional 200,871 shares in the last quarter. Capital World Investors increased its position in Cameco by 1.6% in the first quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after purchasing an additional 215,741 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Cameco by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock valued at $282,210,000 after purchasing an additional 202,157 shares in the last quarter. William Blair Investment Management LLC lifted its position in Cameco by 6.8% during the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock valued at $204,672,000 after purchasing an additional 265,196 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in shares of Cameco by 4.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock worth $192,622,000 after buying an additional 176,183 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Trading Down 1.9 %

NYSE CCJ opened at $52.54 on Friday. The company’s 50-day simple moving average is $48.27 and its two-hundred day simple moving average is $48.18. Cameco Co. has a one year low of $35.43 and a one year high of $58.72. The company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 122.19 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. Equities analysts forecast that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date of this dividend is 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 payout ratio is currently 18.60%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CCJ shares. Scotiabank dropped their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Glj Research reiterated a “buy” rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $66.56.

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.