Anatole Investment Management Ltd acquired a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 418,560 shares of the company's stock, valued at approximately $27,880,000. Centrus Energy makes up about 12.8% of Anatole Investment Management Ltd's investment portfolio, making the stock its 4th largest position. Anatole Investment Management Ltd owned 2.55% of Centrus Energy at the end of the most recent quarter.
Several other large investors have also modified their holdings of LEU. JPMorgan Chase & Co. boosted its stake in shares of Centrus Energy by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock worth $345,000 after acquiring an additional 186 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after buying an additional 192 shares in the last quarter. Old West Investment Management LLC boosted its stake in Centrus Energy by 1.9% during the 4th quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock valued at $676,000 after purchasing an additional 192 shares during the period. Summit Investment Advisors Inc. boosted its stake in Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after buying an additional 195 shares in the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Centrus Energy during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 49.96% of the company's stock.
Insiders Place Their Bets
In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the transaction, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on LEU shares. Craig Hallum started coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price objective on the stock. HC Wainwright started coverage on Centrus Energy in a research report on Tuesday, February 25th. They set a "buy" rating and a $300.00 price target on the stock. StockNews.com raised Centrus Energy to a "sell" rating in a report on Monday, February 10th. Finally, Citigroup started coverage on Centrus Energy in a research report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $143.40.
Read Our Latest Stock Report on LEU
Centrus Energy Stock Up 23.0 %
Shares of Centrus Energy stock traded up $16.64 during trading on Thursday, reaching $89.14. The stock had a trading volume of 1,527,486 shares, compared to its average volume of 686,400. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 20.21 and a beta of 1.14. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95. The stock has a fifty day moving average price of $69.55 and a two-hundred day moving average price of $79.20. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09.
Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same quarter in the previous year, the business posted ($0.38) EPS. Centrus Energy's revenue was up 67.3% on a year-over-year basis. Sell-side analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.
Centrus Energy Profile
(
Free Report)
Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.
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