American Century Companies Inc. Buys 18,601 Shares of Centrus Energy Corp. $LEU

Key Points

• American Century Companies Inc. significantly increased its stake in Centrus Energy Corp. by 78.3%, acquiring an additional 18,601 shares, bringing its total holdings to 42,369 shares valued at approximately $2.64 million.
• Several analysts have boosted their price targets for Centrus Energy, with Bank of America raising its target to $285.00, indicating a growing confidence in the company's performance.
• Despite a strong earnings report that exceeded expectations, Centrus Energy's revenue declined by 18.3% from the same period last year, highlighting potential challenges ahead.

American Century Companies Inc. lifted its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 78.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,369 shares of the company's stock after purchasing an additional 18,601 shares during the period. American Century Companies Inc. owned 0.25% of Centrus Energy worth $2,636,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a research report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price target on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Bank of America reissued a "neutral" rating and set a $285.00 price target (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. B. Riley reissued a "buy" rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. Finally, UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price target for the company in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Centrus Energy has an average rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Stock Down 0.9%

Centrus Energy stock traded down $1.90 during trading hours on Thursday, hitting $199.64. The stock had a trading volume of 396,356 shares, compared to its average volume of 1,058,177. 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 stock has a market capitalization of $3.64 billion, a P/E ratio of 45.27 and a beta of 1.53. Centrus Energy Corp. has a 12-month low of $34.91 and a 12-month high of $264.90. The stock's 50-day moving average price is $203.56 and its 200-day moving average price is $133.22.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 earnings per share. Equities research analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

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.