Acropolis Investment Management LLC Makes New $232,000 Investment in Centrus Energy Corp. $LEU

Key Points

• Acropolis Investment Management LLC has made a new investment of approximately $232,000 in Centrus Energy Corp., purchasing 1,267 shares during the 2nd quarter.
• Several institutional investors have significantly increased their stakes in Centrus Energy, with Farther Finance Advisors boosting its holdings by over 2,084% in the same quarter.
• Despite a revenue decline of 18.3% year-over-year, Centrus Energy reported earnings per share of $1.59 for the quarter, exceeding analysts' expectations of $0.58.

Acropolis Investment Management LLC purchased a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,267 shares of the company's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Centrus Energy by 2,084.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock valued at $52,000 after acquiring an additional 271 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Centrus Energy during the 1st quarter valued at $28,000. State of Wyoming acquired a new position in Centrus Energy during the 4th quarter worth about $33,000. Comerica Bank lifted its holdings in Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company's stock worth $41,000 after buying an additional 560 shares during the period. Finally, KBC Group NV acquired a new position in Centrus Energy during the 1st quarter worth about $53,000. Institutional investors own 49.96% of the company's stock.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $306.22 on Tuesday. Centrus Energy Corp. has a twelve month low of $45.92 and a twelve month high of $312.54. The stock's 50 day moving average price is $217.19 and its 200-day moving average price is $146.70. The company has a market capitalization of $5.58 billion, a PE ratio of 69.44 and a beta of 1.53. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share 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 firm posted $1.89 EPS. Centrus Energy's revenue for the quarter was down 18.3% compared to the same quarter last year. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Analyst Ratings Changes

LEU has been the topic of several recent research reports. HC Wainwright reaffirmed a "buy" rating and set a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. Stifel Nicolaus initiated coverage on Centrus Energy in a report on Friday, July 11th. They set a "buy" rating and a $220.00 target price on the stock. Bank of America reaffirmed a "neutral" rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. William Blair reaffirmed an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on Centrus Energy from $150.00 to $164.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $202.09.

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.

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