Cameco Corporation (CCJ) Stake Raised by AHL Partners LLP

AHL Partners LLP lifted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 497.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,448 shares of the basic materials company’s stock after purchasing an additional 156,909 shares during the period. AHL Partners LLP’s holdings in Cameco Corporation were worth $1,715,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Guardian Capital LP grew its holdings in shares of Cameco Corporation by 1.7% during the second quarter. Guardian Capital LP now owns 5,551,295 shares of the basic materials company’s stock valued at $50,497,000 after buying an additional 94,350 shares in the last quarter. Guardian Capital Advisors LP grew its holdings in shares of Cameco Corporation by 21.7% during the second quarter. Guardian Capital Advisors LP now owns 17,750 shares of the basic materials company’s stock valued at $221,000 after buying an additional 3,160 shares in the last quarter. Bank of Nova Scotia Trust Co. grew its holdings in shares of Cameco Corporation by 0.5% during the second quarter. Bank of Nova Scotia Trust Co. now owns 29,534 shares of the basic materials company’s stock valued at $269,000 after buying an additional 144 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Cameco Corporation by 15.5% during the second quarter. Stifel Financial Corp now owns 60,526 shares of the basic materials company’s stock valued at $547,000 after buying an additional 8,131 shares in the last quarter. Finally, Virtu KCG Holdings LLC grew its holdings in shares of Cameco Corporation by 16.8% during the second quarter. Virtu KCG Holdings LLC now owns 62,163 shares of the basic materials company’s stock valued at $566,000 after buying an additional 8,930 shares in the last quarter. 56.53% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. BidaskClub downgraded Cameco Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. TheStreet upgraded Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. restated an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Bank of America Corporation downgraded Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Cameco Corporation presently has a consensus rating of “Hold” and a consensus target price of $16.27.

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Shares of Cameco Corporation (NYSE:CCJ) opened at 9.15 on Friday. The company’s market cap is $3.62 billion. Cameco Corporation has a 1-year low of $7.41 and a 1-year high of $13.36. The stock’s 50 day moving average price is $9.78 and its 200 day moving average price is $9.92.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The business had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $383.81 million. During the same quarter last year, the company posted ($0.14) earnings per share. Cameco Corporation’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Cameco Corporation will post $0.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.0799 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a yield of 3.49%. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. Cameco Corporation’s dividend payout ratio (DPR) is presently -1,066.31%.

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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Institutional Ownership by Quarter for Cameco Corporation (NYSE:CCJ)

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