GLG Partners LP cut its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,827 shares of the basic materials company’s stock after selling 7,850 shares during the quarter. GLG Partners LP’s holdings in Cameco Corporation were worth $681,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Public Sector Pension investment Board raised its stake in shares of Cameco Corporation by 22.0% during the 2nd quarter. Public Sector Pension investment Board now owns 775,171 shares of the basic materials company’s stock worth $7,049,000 after purchasing an additional 139,800 shares during the period. Intact Investment Management Inc. boosted its holdings in shares of Cameco Corporation by 48.8% in the 2nd quarter. Intact Investment Management Inc. now owns 385,950 shares of the basic materials company’s stock worth $4,550,000 after buying an additional 126,650 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Cameco Corporation by 174.3% in the 1st quarter. M&T Bank Corp now owns 28,585 shares of the basic materials company’s stock worth $316,000 after buying an additional 18,163 shares during the last quarter. Sprott Inc. boosted its holdings in shares of Cameco Corporation by 53.6% in the 2nd quarter. Sprott Inc. now owns 53,366 shares of the basic materials company’s stock worth $486,000 after buying an additional 18,632 shares during the last quarter. Finally, Old West Investment Management LLC boosted its holdings in shares of Cameco Corporation by 54.3% in the 1st quarter. Old West Investment Management LLC now owns 898,295 shares of the basic materials company’s stock worth $9,944,000 after buying an additional 316,193 shares during the last quarter. 56.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Cameco Corporation (NYSE CCJ) traded up 1.81% during midday trading on Wednesday, reaching $8.98. The company had a trading volume of 805,236 shares. The firm’s market capitalization is $3.55 billion. The company has a 50 day moving average of $9.91 and a 200 day moving average of $10.00. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.36.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued 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 in the prior year, the business posted ($0.14) earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Cameco Corporation will post $0.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.0799 per share. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, September 28th. Cameco Corporation’s payout ratio is presently -1,066.31%.

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A number of analysts recently issued reports on CCJ shares. Zacks Investment Research downgraded shares of Cameco Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Credit Suisse Group lowered shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research report on Monday, July 17th. Bank of America Corporation cut shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. BidaskClub upgraded shares of Cameco Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Cameco Corporation currently has an average rating of “Hold” and an average target price of $13.07.

Cameco Corporation 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.

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

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