Baird Financial Group Inc. Invests $2.51 Million in Centrus Energy Corp. (NYSE:LEU)

Baird Financial Group Inc. bought a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 37,658 shares of the company's stock, valued at approximately $2,508,000. Baird Financial Group Inc. owned about 0.23% of Centrus Energy at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LEU. Wellington Management Group LLP acquired a new position in shares of Centrus Energy in the fourth quarter worth $3,474,000. Barclays PLC raised its position in Centrus Energy by 103.8% in the 3rd quarter. Barclays PLC now owns 37,588 shares of the company's stock valued at $2,061,000 after purchasing an additional 19,140 shares in the last quarter. Legacy Bridge LLC purchased a new position in shares of Centrus Energy in the 4th quarter valued at about $657,000. Exchange Traded Concepts LLC grew its position in shares of Centrus Energy by 290.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock worth $4,732,000 after buying an additional 52,866 shares in the last quarter. Finally, TB Alternative Assets Ltd. acquired a new stake in Centrus Energy in the fourth quarter valued at approximately $7,907,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

Centrus Energy stock traded down $0.61 during midday trading on Thursday, hitting $96.31. 626,091 shares of the company's stock were exchanged, compared to its average volume of 705,696. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 21.84 and a beta of 1.14. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $122.95. The firm's 50 day simple moving average is $70.54 and its 200 day simple moving average is $79.32.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. Centrus Energy's revenue was up 67.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) EPS. Equities research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insider Buying and Selling at Centrus Energy

In other news, SVP John M. A. Donelson sold 3,732 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on LEU shares. StockNews.com raised Centrus Energy to a "sell" rating in a report on Monday, February 10th. Evercore ISI assumed coverage on Centrus Energy in a research report on Wednesday. They set an "outperform" rating and a $145.00 target price on the stock. Craig Hallum started coverage on Centrus Energy in a report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target for the company. Citigroup started coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price target on the stock. Finally, HC Wainwright started coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a "buy" rating and a $300.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Centrus Energy presently has an average rating of "Hold" and an average target price of $143.67.

Centrus Energy Company Profile

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.