Algert Global LLC Takes $373,000 Position in Centrus Energy Corp. $LEU

Key Points

• Algert Global LLC acquired 5,990 shares of Centrus Energy Corp. for approximately $373,000 in the first quarter, signaling institutional investment interest in the company.
• Analysts have varying ratings for Centrus Energy, with one issuing a Strong Buy rating while others have set price targets ranging from $220.00 to $285.00.
• The stock has reached a market cap of $3.40 billion and reported earnings of $1.59 EPS, exceeding expectations despite a year-over-year revenue decline.

Algert Global LLC purchased a new position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,990 shares of the company's stock, valued at approximately $373,000.

A number of other institutional investors also recently made changes to their positions in LEU. Nuveen Asset Management LLC increased its holdings in shares of Centrus Energy by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after acquiring an additional 188 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Centrus Energy by 4.6% during the 1st quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock valued at $280,000 after acquiring an additional 200 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Centrus Energy by 4.8% during the 1st quarter. HighTower Advisors LLC now owns 5,055 shares of the company's stock valued at $314,000 after acquiring an additional 231 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Centrus Energy by 3.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 12,068 shares of the company's stock valued at $751,000 after acquiring an additional 353 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Centrus Energy by 10.6% during the 1st quarter. Arizona State Retirement System now owns 4,496 shares of the company's stock valued at $280,000 after acquiring an additional 432 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Price Performance

Shares of Centrus Energy stock traded down $7.98 during midday trading on Friday, hitting $201.40. 1,068,875 shares of the company were exchanged, compared to its average volume of 1,060,602. The firm has a 50 day simple moving average of $202.50 and a 200-day simple moving average of $130.84. 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 $34.91 and a 52 week high of $264.90. The firm has a market cap of $3.67 billion, a P/E ratio of 45.66 and a beta of 1.35.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share. The company's quarterly revenue was down 18.3% on a year-over-year basis. Research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on LEU shares. Northland Securities set a $275.00 price objective on Centrus Energy in a report on Thursday, August 7th. UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 target price for the company in a research note on Monday, July 21st. Northland Capmk upgraded Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. increased their target price on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, William Blair reiterated an "outperform" rating on shares of Centrus Energy in a research 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently 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.