Russell Investments Group Ltd. Has $72.19 Million Position in Cameco Corporation (CCJ)
Russell Investments Group Ltd. boosted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,471,274 shares of the basic materials company’s stock after acquiring an additional 1,620,358 shares during the quarter. Russell Investments Group Ltd. owned 1.89% of Cameco Corporation worth $72,186,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brookstone Capital Management increased its stake in Cameco Corporation by 9.8% during the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 1,033 shares during the period. Usca Ria LLC increased its position in Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 510 shares during the last quarter. Mitchell Sinkler & Starr PA bought a new position in Cameco Corporation during the third quarter valued at $113,000. HRT Financial LLC bought a new position in Cameco Corporation during the second quarter valued at $129,000. Finally, Creative Planning increased its position in Cameco Corporation by 55.3% during the second quarter. Creative Planning now owns 15,541 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 5,531 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.
A number of brokerages have recently commented on CCJ. BidaskClub cut shares of Cameco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Royal Bank Of Canada dropped their price objective on shares of Cameco Corporation from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. Finally, Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.22.
Shares of Cameco Corporation (NYSE:CCJ) traded up $0.11 during mid-day trading on Friday, reaching $9.22. The company’s stock had a trading volume of 335,008 shares, compared to its average volume of 2,564,948. Cameco Corporation has a 12 month low of $7.68 and a 12 month high of $13.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.16 and a current ratio of 5.40.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20). Cameco Corporation had a negative return on equity of 0.69% and a negative net margin of 13.04%. The company had revenue of $486.00 million for the quarter, compared to analysts’ expectations of $486.84 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s revenue was down 27.5% on a year-over-year basis. sell-side analysts expect that Cameco Corporation will post 0.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.078 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.31 annualized dividend and a dividend yield of 3.38%. Cameco Corporation’s dividend payout ratio is presently -56.14%.
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About Cameco Corporation
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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