First Horizon Advisors Inc. Purchases 351 Shares of Cameco Co. (NYSE:CCJ)

First Horizon Advisors Inc. grew its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 84.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 768 shares of the basic materials company’s stock after purchasing an additional 351 shares during the quarter. First Horizon Advisors Inc.’s holdings in Cameco were worth $37,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Cameco during the first quarter valued at about $26,000. JFS Wealth Advisors LLC boosted its position in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after buying an additional 642 shares during the period. Finally, Castleview Partners LLC bought a new stake in Cameco in the 3rd quarter valued at about $122,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CCJ. Glj Research reiterated a “buy” rating and issued a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Price Performance

CCJ opened at $58.10 on Tuesday. The firm’s fifty day moving average price is $52.01 and its two-hundred day moving average price is $48.69. The company has a market capitalization of $25.28 billion, a price-to-earnings ratio of 305.78 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, analysts anticipate that Cameco Co. will post 0.7 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is 47.37%.

About Cameco

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