Russell Investments Group Ltd. Sells 123,970 Shares of Cameco Co. (NYSE:CCJ)

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

Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in Cameco by 291.3% in the 1st quarter. Global Retirement Partners LLC now owns 1,209 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 900 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Cameco by 61.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 650 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Cameco by 412.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,845 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,485 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Cameco in the 1st quarter worth approximately $59,000. Finally, Larson Financial Group LLC lifted its holdings in Cameco by 17.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,236 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 326 shares during the last quarter. Institutional investors own 66.57% of the company’s stock.

Cameco Stock Up 1.7 %

Shares of CCJ stock 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 firm has a market cap of $19.68 billion, a PE ratio of 103.09, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95. The stock has a 50 day moving average of $39.73 and a 200-day moving average of $34.71. The company has a quick ratio of 3.31, a current ratio of 3.85 and a debt-to-equity ratio of 0.08.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $428.65 million for the quarter. Cameco had a return on equity of 4.73% and a net margin of 11.76%. On average, equities analysts predict that Cameco Co. will post 0.59 EPS for the current year.

Cameco Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given 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 dividend payout ratio is presently 20.45%.

Analyst Ratings Changes

CCJ has been the subject of several analyst reports. TD Securities boosted 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 upgraded Cameco from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. Scotiabank upped their price target on Cameco from C$54.00 to C$70.00 in a report on Friday, September 29th. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Finally, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $65.33.

About Cameco

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.