Brevan Howard Capital Management LP Purchases Shares of 22,649 Centrus Energy Corp. (NYSE:LEU)

Brevan Howard Capital Management LP acquired a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,649 shares of the company's stock, valued at approximately $1,509,000. Brevan Howard Capital Management LP owned 0.14% of Centrus Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LEU. Balyasny Asset Management L.P. raised its stake in shares of Centrus Energy by 24.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 37,173 shares of the company's stock worth $2,476,000 after buying an additional 7,247 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of Centrus Energy in the 4th quarter valued at $2,508,000. Bayesian Capital Management LP boosted its position in shares of Centrus Energy by 113.6% in the 4th quarter. Bayesian Capital Management LP now owns 12,814 shares of the company's stock worth $854,000 after purchasing an additional 6,816 shares during the last quarter. Anatole Investment Management Ltd acquired a new stake in shares of Centrus Energy during the fourth quarter worth $27,880,000. Finally, Soros Fund Management LLC bought a new stake in Centrus Energy in the fourth quarter valued at about $14,821,000. 49.96% of the stock is owned by institutional investors.

Centrus Energy Stock Up 5.8 %

Shares of LEU stock traded up $5.14 during trading hours on Friday, hitting $93.60. 1,265,745 shares of the company were exchanged, compared to its average volume of 692,647. The company has a market capitalization of $1.57 billion, a PE ratio of 21.22 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 business has a 50 day moving average of $69.74 and a two-hundred day moving average of $79.16. 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 released 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 for the quarter was up 67.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.38) EPS. Analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the sale, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Craig Hallum started coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a "buy" rating and a $129.00 target price for the company. Citigroup assumed coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective for the company. HC Wainwright initiated coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 target price on the stock. Finally, StockNews.com raised shares of Centrus Energy to a "sell" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $143.40.

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.