Bayesian Capital Management LP Boosts Stake in Centrus Energy Corp. (NYSE:LEU)

Bayesian Capital Management LP increased its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 113.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,814 shares of the company's stock after buying an additional 6,816 shares during the quarter. Bayesian Capital Management LP owned approximately 0.08% of Centrus Energy worth $854,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in shares of Centrus Energy during the fourth quarter worth $3,474,000. Barclays PLC grew its holdings in Centrus Energy by 103.8% during the 3rd quarter. Barclays PLC now owns 37,588 shares of the company's stock worth $2,061,000 after acquiring an additional 19,140 shares during the period. Legacy Bridge LLC bought a new position in shares of Centrus Energy during the 4th quarter worth approximately $657,000. Exchange Traded Concepts LLC boosted its position in shares of Centrus Energy by 290.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock worth $4,732,000 after purchasing an additional 52,866 shares in the last quarter. Finally, TB Alternative Assets Ltd. bought a new position in shares of Centrus Energy in the 4th quarter worth $7,907,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEU has been the topic of several recent analyst reports. StockNews.com upgraded Centrus Energy to a "sell" rating in a research note on Monday, February 10th. HC Wainwright began coverage on Centrus Energy in a research note on Tuesday, February 25th. They set a "buy" rating and a $300.00 price target for the company. Citigroup began coverage on Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective on the stock. Finally, Craig Hallum started coverage on shares of Centrus Energy in a report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 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 given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $143.40.

Centrus Energy Trading Up 5.8 %

Centrus Energy stock traded up $5.14 during trading hours on Friday, reaching $93.60. The stock had a trading volume of 1,265,745 shares, compared to its average volume of 692,647. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95. The stock has a market cap of $1.57 billion, a PE ratio of 21.22 and a beta of 1.14. The company has a fifty day simple moving average of $69.64 and a 200-day simple moving average of $79.16.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) 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%. During the same period in the prior year, the business earned ($0.38) earnings per share. The business's quarterly revenue was up 67.3% compared to the same quarter last year. Analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the business's stock in a transaction dated 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 owns 9,402 shares of the company's stock, valued at approximately $1,131,154.62. The trade was a 29.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.