Sowell Financial Services LLC Has $534,000 Stake in Cameco Corporation (CCJ)

Sowell Financial Services LLC increased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 104.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 55,447 shares of the basic materials company’s stock after buying an additional 28,300 shares during the period. Sowell Financial Services LLC’s holdings in Cameco Corporation were worth $534,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CCJ. Comerica Bank boosted its stake in shares of Cameco Corporation by 4.3% in the fourth quarter. Comerica Bank now owns 49,300 shares of the basic materials company’s stock worth $655,000 after buying an additional 2,033 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Cameco Corporation during the fourth quarter worth about $622,000. FMR LLC boosted its position in Cameco Corporation by 89.7% in the fourth quarter. FMR LLC now owns 233,000 shares of the basic materials company’s stock worth $2,437,000 after buying an additional 110,200 shares during the last quarter. Gabelli Funds LLC boosted its position in Cameco Corporation by 102.2% in the fourth quarter. Gabelli Funds LLC now owns 633,000 shares of the basic materials company’s stock worth $6,628,000 after buying an additional 320,000 shares during the last quarter. Finally, Aviva PLC boosted its position in Cameco Corporation by 5.2% in the fourth quarter. Aviva PLC now owns 262,402 shares of the basic materials company’s stock worth $2,737,000 after buying an additional 13,008 shares during the last quarter. 56.88% of the stock is owned by institutional investors and hedge funds.

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

Cameco Corporation (NYSE CCJ) traded up 2.52% on Friday, hitting $9.34. The stock had a trading volume of 2,134,553 shares. The stock’s market capitalization is $3.70 billion. The company has a 50-day moving average price of $9.54 and a 200-day moving average price of $10.71. Cameco Corporation has a 52 week low of $7.41 and a 52 week high of $13.36. Cameco Corporation also saw some unusual options trading on Tuesday. Stock investors bought 21,936 call options on the stock. This represents an increase of 1,691% compared to the typical volume of 1,225 call options.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, April 28th. The basic materials company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The company had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. Cameco Corporation had a positive return on equity of 2.26% and a negative net margin of 6.47%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the business posted ($0.02) EPS. Equities research analysts anticipate that Cameco Corporation will post $0.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.0741 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.17%. Cameco Corporation’s dividend payout ratio is presently -100.00%.

TRADEMARK VIOLATION WARNING: “Sowell Financial Services LLC Has $534,000 Stake in Cameco Corporation (CCJ)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://sleekmoney.com/sowell-financial-services-llc-has-534000-stake-in-cameco-corporation-ccj/1935818.html.

A number of research analysts have issued reports on CCJ shares. Zacks Investment Research cut Cameco Corporation from a “buy” rating to a “strong sell” rating in a research note on Monday, March 13th. Credit Suisse Group reissued a “neutral” rating on shares of Cameco Corporation in a research note on Tuesday, April 18th. Finally, BidaskClub cut Cameco Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.67.

Cameco Corporation Company Profile

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.

Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJ) (TSE:CCO).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/sowell-financial-services-llc-has-534000-stake-in-cameco-corporation-ccj/1935818.html

Receive News & Ratings for Cameco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *