BayBridge Capital Group LLC Takes Position in Centrus Energy Corp. (NYSE:LEU)

BayBridge Capital Group LLC acquired a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,812 shares of the company's stock, valued at approximately $299,000.

A number of other hedge funds have also bought and sold shares of LEU. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Centrus Energy by 380.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock worth $401,000 after acquiring an additional 5,108 shares during the period. TB Alternative Assets Ltd. lifted its holdings in Centrus Energy by 22.0% during the 1st quarter. TB Alternative Assets Ltd. now owns 144,874 shares of the company's stock worth $9,013,000 after purchasing an additional 26,171 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Centrus Energy by 3.0% during 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 in the last quarter. NBC Securities Inc. boosted its stake in Centrus Energy by 102,620.0% in the 1st quarter. NBC Securities Inc. now owns 10,272 shares of the company's stock worth $639,000 after purchasing an additional 10,262 shares during the period. Finally, Rhumbline Advisers grew its holdings in Centrus Energy by 2.1% during the 1st quarter. Rhumbline Advisers now owns 21,870 shares of the company's stock valued at $1,361,000 after buying an additional 441 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Centrus Energy

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

Centrus Energy Price Performance

LEU stock traded up $7.93 during midday trading on Wednesday, reaching $180.96. The company had a trading volume of 1,094,371 shares, compared to its average volume of 890,917. The firm has a 50-day moving average price of $99.65 and a 200-day moving average price of $86.39. The company has a market capitalization of $3.08 billion, a P/E ratio of 41.03 and a beta of 1.37. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $182.39. 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 (NYSE:LEU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $1.68. 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 earned ($0.38) earnings per share. Centrus Energy's revenue for the quarter was up 67.3% compared to the same quarter last year. On average, research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. HC Wainwright started coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price target on the stock. William Blair assumed coverage on shares of Centrus Energy in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Citigroup initiated coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price target for the company. Evercore ISI upped their price target on shares of Centrus Energy from $145.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Bank of America began coverage on Centrus Energy in a research report on Wednesday, June 4th. They issued a "buy" rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $154.57.

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.