Brevan Howard Capital Management LP Purchases New Shares in Centrus Energy Corp. (NYSE:LEU)

Brevan Howard Capital Management LP acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,649 shares of the company's stock, valued at approximately $1,509,000. Brevan Howard Capital Management LP owned about 0.14% of Centrus Energy at the end of the most recent reporting period.

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

Centrus Energy Trading Up 0.9%

LEU stock traded up $0.89 during trading on Monday, hitting $94.49. The company had a trading volume of 597,432 shares, compared to its average volume of 694,486. 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 Corp. has a one year low of $33.51 and a one year high of $122.95. The business has a 50-day moving average of $69.74 and a 200-day moving average of $79.04. The stock has a market cap of $1.58 billion, a PE ratio of 21.32 and a beta of 1.14.

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 for the quarter, topping analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The business's revenue for the quarter was up 67.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.38) earnings per share. Research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total transaction of $481,240.00. Following the completion of the sale, the senior vice president now owns 9,402 shares in the company, valued at approximately $1,131,154.62. The trade was a 29.85% decrease in their position. 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 owned by corporate insiders.

Analysts Set New Price Targets

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

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.