Balyasny Asset Management L.P. Purchases 7,247 Shares of Centrus Energy Corp. (NYSE:LEU)

Balyasny Asset Management L.P. lifted its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,173 shares of the company's stock after purchasing an additional 7,247 shares during the quarter. Balyasny Asset Management L.P. owned 0.23% of Centrus Energy worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Centrus Energy by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock worth $345,000 after purchasing an additional 186 shares during the period. PNC Financial Services Group Inc. increased its stake in Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Old West Investment Management LLC increased 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 in the last quarter. Summit Investment Advisors Inc. increased its stake in Centrus Energy by 16.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after purchasing an additional 195 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Centrus Energy in the 4th quarter worth $27,000. 49.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on LEU shares. Craig Hallum started coverage on shares of Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price target on the stock. HC Wainwright initiated coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They set a "buy" rating and a $300.00 price target on the stock. StockNews.com raised shares of Centrus Energy to a "sell" rating in a report on Monday, February 10th. Citigroup assumed coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 target price on the stock. Finally, Evercore ISI assumed coverage on shares of Centrus Energy in a report on Wednesday. They issued an "outperform" rating and a $145.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the 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 Trading Down 0.6%

Shares of Centrus Energy stock traded down $0.61 during trading on Thursday, reaching $96.31. The company's stock had a trading volume of 626,091 shares, compared to its average volume of 707,581. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 21.84 and a beta of 1.14. The firm's 50-day moving average is $70.54 and its two-hundred day moving average is $79.32. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 52-week low of $33.51 and a 52-week high of $122.95.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating the consensus estimate 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 prior year, the business earned ($0.38) earnings per share. The company's revenue was up 67.3% on a year-over-year basis. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Centrus Energy news, SVP John M. A. Donelson sold 3,732 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

About Centrus Energy

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.