Allianz SE Sells 4,853 Shares of Centrus Energy Corp. (NYSE:LEU)

Key Points

• Allianz SE reduced its stake in Centrus Energy Corp. (NYSE:LEU) by 62.4%, selling 4,853 shares and leaving it with 2,919 shares valued at approximately $182,000.
• Several hedge funds made significant investments in Centrus Energy, including Anatole Investment Management Ltd which invested approximately $27.88 million, and Voloridge Investment Management LLC, which boosted its stake by 1,300.5%.
• Centrus Energy has received positive analyst ratings, with price targets ranging from $148.00 to $221.00, reflecting a consensus rating of "Moderate Buy".

Allianz SE trimmed its holdings in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 62.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,919 shares of the company's stock after selling 4,853 shares during the period. Allianz SE's holdings in Centrus Energy were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LEU. Anatole Investment Management Ltd bought a new position in shares of Centrus Energy in the fourth quarter worth approximately $27,880,000. Soros Fund Management LLC purchased a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $14,821,000. Voloridge Investment Management LLC lifted its stake in Centrus Energy by 1,300.5% in the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock worth $15,664,000 after acquiring an additional 218,364 shares during the period. Driehaus Capital Management LLC purchased a new stake in Centrus Energy in the fourth quarter worth $10,367,000. Finally, Two Sigma Investments LP lifted its position in Centrus Energy by 941.6% during the fourth quarter. Two Sigma Investments LP now owns 79,872 shares of the company's stock valued at $5,320,000 after buying an additional 72,204 shares during the period. 49.96% of the stock is currently owned by institutional investors.

Insider Activity at Centrus Energy

In other news, SVP John M. A. Donelson sold 3,732 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total value of $217,728.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LEU shares. JPMorgan Chase & Co. assumed coverage on Centrus Energy in a research report on Thursday, June 26th. They issued a "neutral" rating and a $148.00 price target for the company. B. Riley reiterated a "buy" rating and set a $221.00 price objective (up from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. Northland Securities assumed coverage on Centrus Energy in a research note on Monday, July 7th. They set an "outperform" rating and a $205.00 price objective for the company. Northland Capmk raised Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Evercore ISI set a $205.00 price objective on Centrus Energy and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Centrus Energy presently has an average rating of "Moderate Buy" and a consensus price target of $178.64.

Centrus Energy Trading Up 0.8%

Shares of NYSE LEU opened at $210.05 on Tuesday. The stock has a market capitalization of $3.58 billion, a PE ratio of 47.63 and a beta of 1.35. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The stock has a fifty day simple moving average of $182.00 and a 200-day simple moving average of $116.47. Centrus Energy Corp. has a twelve month low of $33.51 and a twelve month high of $250.88.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating 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 for the quarter was up 67.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.38) earnings per share. On average, equities analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share 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.

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