Boundary Creek Advisors LP Sells 45,032 Shares of Centrus Energy Corp. $LEU

Key Points

• Boundary Creek Advisors LP reduced its stake in Centrus Energy Corp. by 20.6%, selling 45,032 shares, leaving them with a total of 173,786 shares.
• Centrus Energy's quarterly earnings reported an EPS of $1.59, significantly surpassing analysts' expectations of $0.58, although revenue decreased by 18.3% compared to the previous year.
• Analyst ratings for Centrus Energy show a consensus of Moderate Buy, with a price target range between $220.00 and $285.00 set by various firms.

Boundary Creek Advisors LP lowered its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 20.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,786 shares of the company's stock after selling 45,032 shares during the period. Centrus Energy makes up about 2.9% of Boundary Creek Advisors LP's investment portfolio, making the stock its 6th largest position. Boundary Creek Advisors LP owned approximately 1.04% of Centrus Energy worth $10,811,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LEU. Stone House Investment Management LLC acquired a new stake in shares of Centrus Energy during the first quarter worth approximately $28,000. State of Wyoming acquired a new position in Centrus Energy in the fourth quarter worth $33,000. Comerica Bank boosted its holdings in Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company's stock worth $41,000 after purchasing an additional 560 shares during the period. KBC Group NV acquired a new position in Centrus Energy in the first quarter worth $53,000. Finally, Parallel Advisors LLC boosted its holdings in Centrus Energy by 69.5% in the first quarter. Parallel Advisors LLC now owns 1,271 shares of the company's stock worth $79,000 after purchasing an additional 521 shares during the period. Hedge funds and other institutional investors own 49.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LEU shares. B. Riley reaffirmed a "buy" rating and issued a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. William Blair reaffirmed an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 target price on the stock 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. Finally, Stifel Nicolaus assumed coverage on Centrus Energy in a research note on Friday, July 11th. They issued a "buy" rating and a $220.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $202.09.

Centrus Energy Price Performance

NYSE LEU traded up $1.40 on Wednesday, reaching $219.30. The company's stock had a trading volume of 881,282 shares, compared to its average volume of 1,058,869. Centrus Energy Corp. has a twelve month low of $37.24 and a twelve month high of $264.90. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The stock has a market cap of $3.99 billion, a PE ratio of 49.73 and a beta of 1.53. The firm's 50 day moving average is $207.05 and its two-hundred day moving average is $136.75.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data 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 return on equity of 84.09% and a net margin of 16.56%.The company's quarterly revenue was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.

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.