Montrusco Bolton Investments 13F: Cuts CCJ Stake by $5.6M

Montrusco Bolton Investments has significantly reduced its stake in Cameco Corporation (NYSE:CCJ), according to the latest Form 13F filing with the SEC. The investment firm cut its position by 71.1%, selling 64,248 shares during the reporting period. Montrusco Bolton now holds 26,119 shares valued at approximately $2.27 million.

What Changed in Montrusco Bolton Investments' Cameco Position

Montrusco Bolton Investments decided to scale back its investment in Cameco Corporation, reducing its holdings from 90,367 shares to 26,119 shares. This change represents a 71.1% decrease in their stake, reflecting a substantial adjustment in their investment strategy.

Cameco Corporation Stock Down 1.0%

Shares of Cameco Corporation (NYSE:CCJ) are part of a company with a market capitalization of $40.6 billion. The stock has a high P/E ratio of 160.74, indicating high current valuation relative to its earnings. However, its forward P/E ratio is more moderate at 50.15. Cameco's beta of 1.012 suggests it has nearly the same volatility as the broader market. The stock has traded between $77.70 and $135.24 over the past year, with current 50-day and 200-day moving averages of $94.74 and $105.84, respectively.

Recent Earnings

Cameco Corporation reported revenue of $3.47 billion, though it experienced a revenue decline of 7.2%. The company's net margin stands at 10.2%, with a return on equity of 5.1%. The next earnings release is scheduled for October 30, 2026.

Dividend

Cameco pays an annual dividend of $0.17 per share, offering a yield of 0.19%. The company's dividend payout ratio is 29.63%, suggesting a conservative approach to returning profits to shareholders.

About Cameco Corporation

Cameco Corporation, headquartered in Saskatoon, Canada, is a leading provider of uranium used for electricity generation. It operates through segments including Uranium, Fuel Services, and Westinghouse, offering a range of services from uranium mining to nuclear reactor technology. The company serves nuclear utilities across the Americas, Europe, and Asia, and is led by CEO Timothy S. Gitzel.

Bottom Line

Montrusco Bolton Investments' decision to reduce its stake in Cameco Corporation by over 71% is a notable shift. Investors often track such moves to gauge market sentiment and potential strategic changes. It's important to remember that 13F filings reflect past positions and may not represent current holdings.