4,150 Shares in Centrus Energy Corp. $LEU Acquired by MinichMacGregor Wealth Management LLC

Key Points

• MinichMacGregor Wealth Management LLC acquired 4,150 shares of Centrus Energy Corp. for approximately $760,000 in the second quarter.
• Analysts have a consensus rating of "Moderate Buy" for Centrus Energy, with several firms issuing buy ratings and target prices ranging from $252.00 to $300.00.
• Centrus Energy reported earnings of $1.59 per share, significantly exceeding analysts' estimates of $0.58, although revenue was down by 18.3% compared to the previous year.

MinichMacGregor Wealth Management LLC bought a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,150 shares of the company's stock, valued at approximately $760,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new stake in shares of Centrus Energy in the 4th quarter valued at about $236,000. Nuveen Asset Management LLC boosted its holdings in Centrus Energy by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock worth $1,947,000 after buying an additional 188 shares in the last quarter. ProShare Advisors LLC bought a new stake in Centrus Energy during the fourth quarter worth approximately $272,000. State of Wyoming bought a new stake in Centrus Energy during the fourth quarter worth approximately $33,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Centrus Energy by 16.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,301 shares of the company's stock valued at $2,485,000 after acquiring an additional 5,179 shares in the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. HC Wainwright restated a "buy" rating and issued a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. William Blair restated an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Northland Capmk upgraded shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. Northland Securities set a $275.00 target price on shares of Centrus Energy in a research note on Thursday, August 7th. Finally, Evercore ISI lifted their target price on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Stock Performance

NYSE LEU opened at $305.35 on Friday. The stock has a market cap of $5.56 billion, a P/E ratio of 69.24 and a beta of 1.53. Centrus Energy Corp. has a twelve month low of $49.40 and a twelve month high of $338.00. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The company's 50-day simple moving average is $222.59 and its 200 day simple moving average is $151.90.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. Centrus Energy's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 EPS. As a group, research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

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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