Caldwell Investment Management Ltd. Invests $3.23 Million in Cameco Co. (NYSE:CCJ)

Caldwell Investment Management Ltd. acquired a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,000 shares of the basic materials company’s stock, valued at approximately $3,227,000. Cameco comprises 2.2% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 10th biggest holding.

Other large investors have also recently made changes to their positions in the company. Driehaus Capital Management LLC increased its stake in Cameco by 4.7% during 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 period. CIBC Asset Management Inc increased its position in shares of Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the last quarter. Bridgewater Associates LP increased its position in shares of Cameco by 19.9% in the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after purchasing an additional 410,711 shares during the last quarter. Progeny 3 Inc. increased its position in shares of Cameco by 7.5% in the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after purchasing an additional 159,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Cameco by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after purchasing an additional 187,512 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cameco Stock Up 1.8 %

Shares of NYSE:CCJ opened at $49.94 on Wednesday. The stock has a market cap of $21.74 billion, a P/E ratio of 262.86 and a beta of 0.95. The firm has a fifty day moving average price of $54.66 and a 200 day moving average price of $49.23. 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 Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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). The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. Sell-side analysts predict that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is 63.16%.

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.