2,250 Shares in Centrus Energy Corp. $LEU Purchased by Novem Group

Key Points

• Novem Group has purchased 2,250 shares of Centrus Energy Corp., representing a new position valued at approximately $412,000.
• Centrus Energy reported an earnings per share (EPS) of $1.59 for the last quarter, significantly exceeding analysts' expectations of $0.58, despite an 18.3% revenue decline year-over-year.
• Analysts have varying ratings on Centrus Energy, with eight giving a "Buy" rating and an average target price of $202.09, indicating moderate optimism in the stock's future performance.

Novem Group bought a new position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,250 shares of the company's stock, valued at approximately $412,000.

Several other large investors have also recently added to or reduced their stakes in the business. Magnus Financial Group LLC purchased a new position in Centrus Energy during the second quarter worth about $412,000. Arlington Capital Management Inc. purchased a new position in Centrus Energy during the second quarter worth about $2,707,000. Acropolis Investment Management LLC purchased a new position in Centrus Energy during the second quarter worth about $232,000. Vanguard Capital Wealth Advisors purchased a new position in Centrus Energy during the second quarter worth about $220,000. Finally, Farther Finance Advisors LLC lifted its position in Centrus Energy by 2,084.6% during the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock worth $52,000 after buying an additional 271 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Stock Performance

Centrus Energy stock opened at $305.35 on Friday. The stock's 50-day moving average is $222.59 and its 200-day moving average is $151.90. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 69.24 and a beta of 1.53. 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 12 month low of $49.40 and a 12 month high of $338.00.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $1.01. 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 posted $1.89 EPS. The company's revenue for the quarter was down 18.3% on a year-over-year basis. Equities analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

LEU has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Centrus Energy from $150.00 to $164.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Northland Capmk upgraded Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. B. Riley restated a "buy" rating and issued a $221.00 price objective (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Bank of America restated a "neutral" rating and issued a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. Finally, William Blair restated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $202.09.

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.

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