Cameco Co. (NYSE:CCJ) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 15.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 668,615 shares of the basic materials company’s stock after selling 123,970 shares during the period. Russell Investments Group Ltd.’s holdings in Cameco were worth $20,937,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sigma Planning Corp acquired a new stake in shares of Cameco during the second quarter worth about $825,000. Titleist Asset Management LLC acquired a new stake in shares of Cameco during the first quarter worth about $880,000. Intellectus Partners LLC lifted its holdings in shares of Cameco by 3.2% during the first quarter. Intellectus Partners LLC now owns 115,117 shares of the basic materials company’s stock worth $3,013,000 after purchasing an additional 3,550 shares during the period. Prelude Capital Management LLC lifted its holdings in shares of Cameco by 9.4% during the first quarter. Prelude Capital Management LLC now owns 23,139 shares of the basic materials company’s stock worth $606,000 after purchasing an additional 1,984 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in shares of Cameco during the first quarter worth about $1,863,000. Institutional investors and hedge funds own 66.57% of the company’s stock.

Cameco Trading Up 1.7 %

Shares of NYSE:CCJ opened at $45.36 on Tuesday. Cameco Co. has a 12-month low of $21.22 and a 12-month high of $45.44. The company has a market capitalization of $19.68 billion, a PE ratio of 103.09, a PEG ratio of 1.23 and a beta of 0.95. The business has a 50 day moving average of $39.73 and a two-hundred day moving average of $34.71. The company has a current ratio of 3.85, a quick ratio of 3.31 and a debt-to-equity ratio of 0.08.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. The business had revenue of $428.65 million during the quarter. Cameco had a return on equity of 4.73% and a net margin of 11.76%. As a group, analysts forecast that Cameco Co. will post 0.59 EPS for the current year.

Cameco Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.088 per share. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 29th. Cameco’s payout ratio is 20.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CCJ shares. TD Securities lifted their target price on Cameco from C$55.00 to C$70.00 and gave the stock an “action list buy” rating in a report on Tuesday, October 3rd. TheStreet raised Cameco from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. Cantor Fitzgerald raised Cameco from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Scotiabank boosted their price target on Cameco from C$54.00 to C$70.00 in a report on Friday, September 29th. Finally, Canaccord Genuity Group boosted their price target on Cameco from $49.50 to $56.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $65.33.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.