B. Riley Wealth Advisors Inc. Reduces Holdings in Cameco Co. (NYSE:CCJ)

B. Riley Wealth Advisors Inc. lowered its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 35.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,160 shares of the basic materials company’s stock after selling 3,852 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Cameco were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Cameco by 10.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,918 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 557 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Cameco by 1.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 17,598 shares of the basic materials company’s stock valued at $867,000 after acquiring an additional 288 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Cameco by 39.0% in the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 234 shares during the period. Railway Pension Investments Ltd increased its position in Cameco by 11.4% during the second quarter. Railway Pension Investments Ltd now owns 1,222,300 shares of the basic materials company’s stock worth $60,137,000 after purchasing an additional 125,000 shares during the last quarter. Finally, Dantai Capital Ltd raised its stake in Cameco by 36.9% during the second quarter. Dantai Capital Ltd now owns 39,700 shares of the basic materials company’s stock worth $1,953,000 after purchasing an additional 10,700 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 0.9 %

Shares of NYSE CCJ opened at $52.44 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $55.51 and its two-hundred day moving average is $49.32. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 276.01 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. Research analysts predict that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 57.89%.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of recent analyst reports. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco currently has an average rating of “Buy” and an average target price of $66.56.

Cameco Company Profile

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.