Driehaus Capital Management LLC Invests $10.37 Million in Centrus Energy Corp. (NYSE:LEU)

Driehaus Capital Management LLC purchased a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 155,633 shares of the company's stock, valued at approximately $10,367,000. Driehaus Capital Management LLC owned 0.95% of Centrus Energy at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Cetera Investment Advisers bought a new stake in shares of Centrus Energy during the 4th quarter worth $236,000. Brevan Howard Capital Management LP bought a new stake in Centrus Energy in the 4th quarter valued at about $1,509,000. Balyasny Asset Management L.P. grew its holdings in Centrus Energy by 24.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 37,173 shares of the company's stock valued at $2,476,000 after buying an additional 7,247 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Centrus Energy during the 4th quarter valued at about $2,508,000. Finally, Bayesian Capital Management LP grew its holdings in shares of Centrus Energy by 113.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Analysts Set New Price Targets

LEU has been the subject of several recent analyst reports. Craig Hallum began coverage on Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective for the company. Evercore ISI began coverage on Centrus Energy in a research note on Wednesday. They issued an "outperform" rating and a $145.00 target price for the company. HC Wainwright initiated coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 target price for the company. Citigroup initiated coverage on Centrus Energy in a research note on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective for the company. Finally, StockNews.com raised Centrus Energy to a "sell" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $143.67.

Centrus Energy Stock Performance

Shares of Centrus Energy stock traded down $0.93 during trading on Thursday, hitting $96.00. 387,594 shares of the company's stock traded hands, compared to its average volume of 704,790. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $122.95. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The business has a 50-day simple moving average of $70.54 and a 200-day simple moving average of $79.32. The stock has a market capitalization of $1.61 billion, a P/E ratio of 21.77 and a beta of 1.14.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping 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 business earned ($0.38) EPS. As a group, analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current year.

Centrus Energy 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.