Cameco Corporation $CCJ Holdings Cut by Walter Public Investments Inc.

Walter Public Investments Inc. cut its stake in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 56.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,475 shares of the basic materials company’s stock after selling 29,876 shares during the period. Walter Public Investments Inc.’s holdings in Cameco were worth $2,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. Turn8 Private Wealth Inc. lifted its position in Cameco by 5.1% during the 3rd quarter. Turn8 Private Wealth Inc. now owns 41,120 shares of the basic materials company’s stock worth $3,565,000 after acquiring an additional 2,010 shares during the period. Keybank National Association OH purchased a new position in shares of Cameco in the 3rd quarter valued at approximately $352,276,000. Fulcrum Asset Management LLP grew its stake in shares of Cameco by 136.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 35,094 shares of the basic materials company’s stock valued at $3,043,000 after purchasing an additional 20,221 shares during the last quarter. Hager Investment Management Services LLC grew its stake in shares of Cameco by 5.8% in the 3rd quarter. Hager Investment Management Services LLC now owns 22,710 shares of the basic materials company’s stock valued at $1,968,000 after purchasing an additional 1,254 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of Cameco by 8.0% in the third quarter. Brighton Jones LLC now owns 2,351 shares of the basic materials company’s stock valued at $204,000 after purchasing an additional 175 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Paradigm Capital initiated coverage on Cameco in a research note on Monday. They set a “moderate buy” rating for the company. Zacks Research raised Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Barclays lowered their price objective on shares of Cameco from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Monday, November 2nd. Truist Financial dropped their price objective on shares of Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Finally, Citigroup reissued a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.12.

Get Our Latest Analysis on Cameco

Cameco Trading Up 1.9%

NYSE CCJ opened at $74.25 on Thursday. The company has a quick ratio of 1.62, a current ratio of 2.55 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $32.34 billion, a P/E ratio of 112.51, a P/E/G ratio of 1.84 and a beta of 1.18. Cameco Corporation has a 52-week low of $66.06 and a 52-week high of $135.24. The firm has a 50-day moving average price of $85.81 and a 200 day moving average price of $102.42.

Cameco Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of C$0.24 per share. The ex-dividend date is Monday, November 30th. This represents a yield of 22.0%. Cameco’s payout ratio is presently 25.76%.

Cameco Profile

(Free Report)

Cameco is a Canadian uranium company involved in the exploration, mining, milling, refining and conversion of uranium. Its operations include major uranium assets in Saskatchewan, and it has an interest in the Inkai uranium operation in Kazakhstan. The company supplies uranium and related products to nuclear energy producers around the world. Cameco also provides nuclear fuel services, including uranium conversion and the manufacture of fuel bundles for CANDU reactors. In addition, it owns a 49% interest in Westinghouse Electric Company, a supplier of nuclear power plant technologies, services and fuel.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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