Cypress Capital Management LLC WY Sells 1,139 Shares of Cameco Co. (NYSE:CCJ)

Cypress Capital Management LLC WY lowered its stake in shares of Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 29,513 shares of the basic materials company’s stock after selling 1,139 shares during the period. Cameco comprises 1.7% of Cypress Capital Management LLC WY’s portfolio, making the stock its 17th biggest holding. Cypress Capital Management LLC WY’s holdings in Cameco were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CCJ. Dantai Capital Ltd grew its position in shares of Cameco by 44.2% during the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after purchasing an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC purchased a new stake in shares of Cameco in the 4th quarter valued at about $895,000. Whalen Wealth Management Inc. bought a new stake in shares of Cameco during the 4th quarter valued at about $445,000. iA Global Asset Management Inc. purchased a new position in shares of Cameco during the third quarter worth about $5,305,000. Finally, Telemark Asset Management LLC increased its position in shares of Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after purchasing an additional 100,000 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

NYSE:CCJ opened at $50.22 on Friday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a 50 day moving average of $54.20 and a 200 day moving average of $49.33. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 264.32 and a beta of 0.95.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (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 analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. On average, sell-side analysts predict that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business 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 of this dividend was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is 63.16%.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Cameco

Cameco Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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