Baader Bank Aktiengesellschaft Buys New Shares in Centrus Energy Corp. $LEU

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in Centrus Energy Corp., purchasing 7,176 shares valued at approximately $1,302,000 during the second quarter.
• Centrus Energy recently reported earnings per share of $1.59, significantly exceeding the consensus estimate of $0.58, though revenue was down 18.3% year-over-year.
• Research analysts have set varying price targets for Centrus Energy, with HC Wainwright issuing a "buy" rating and a target price of $300.00, while Bank of America increased its price target to $285.00.

Baader Bank Aktiengesellschaft acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,176 shares of the company's stock, valued at approximately $1,302,000.

Other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in Centrus Energy in the first quarter valued at $28,000. State of Wyoming purchased a new position in shares of Centrus Energy during the fourth quarter worth about $33,000. Comerica Bank grew its holdings in shares of Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company's stock worth $41,000 after buying an additional 560 shares during the last quarter. KBC Group NV acquired a new stake in Centrus Energy in the first quarter valued at about $53,000. Finally, Cape Investment Advisory Inc. lifted its position in Centrus Energy by 125.0% in the first quarter. Cape Investment Advisory Inc. now owns 900 shares of the company's stock valued at $56,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Up 4.0%

Shares of Centrus Energy stock traded up $11.73 during trading on Monday, reaching $306.22. The company had a trading volume of 1,940,562 shares, compared to its average volume of 1,083,003. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 69.44 and a beta of 1.53. The firm's fifty day moving average is $217.19 and its 200-day moving average is $146.70. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy Corp. has a fifty-two week low of $45.92 and a fifty-two week high of $312.54.

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, beating 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%. During the same period last year, the firm posted $1.89 EPS. The company's revenue for the quarter was down 18.3% on a year-over-year basis. On average, analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI lifted their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. HC Wainwright reaffirmed a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. Bank of America reaffirmed a "neutral" rating and issued a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Stifel Nicolaus initiated coverage on shares of Centrus Energy in a research note on Friday, July 11th. They set a "buy" rating and a $220.00 price objective for the company. Finally, B. Riley reissued 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. 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. Based on data from MarketBeat, Centrus Energy presently has an average rating of "Moderate Buy" and an average price target 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.