California State Teachers Retirement System Raises Stake in Centrus Energy Corp. $LEU

Key Points

• California State Teachers Retirement System increased its Centrus Energy stake by 8.8% in the second quarter to 21,328 shares valued at approximately $3.58 million. Institutional investors and hedge funds collectively own 49.96% of the company.
• Centrus Energy reported quarterly EPS of $1.77, beating estimates of $0.74, while revenue rose 14% year over year to $176.1 million. Analysts expect full-year EPS of $2.75.
• LEU shares fell to $140.78, near their 12-month low of $140.35, despite a consensus “Moderate Buy” rating and an average analyst price target of $235.71.

California State Teachers Retirement System boosted its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 8.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 21,328 shares of the company's stock after purchasing an additional 1,722 shares during the period. California State Teachers Retirement System owned about 0.11% of Centrus Energy worth $3,580,331 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Centrus Energy by 16,538.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company's stock worth $24,598,000 after acquiring an additional 100,717 shares during the period. Next Century Growth Investors LLC raised its stake in Centrus Energy by 56.2% during the fourth quarter. Next Century Growth Investors LLC now owns 33,462 shares of the company's stock worth $8,123,000 after acquiring an additional 12,037 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Centrus Energy by 14.7% in the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company's stock worth $217,481,000 after purchasing an additional 114,881 shares during the last quarter. Arlington Capital Management Inc. bought a new stake in Centrus Energy during the first quarter worth about $3,115,000. Finally, MYDA Advisors LLC grew its stake in shares of Centrus Energy by 47.1% in the fourth quarter. MYDA Advisors LLC now owns 25,000 shares of the company's stock valued at $6,069,000 after acquiring an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Centrus Energy Stock Performance

Shares of NYSE:LEU traded down $5.47 during trading on Tuesday, reaching $140.78. 552,157 shares of the stock were exchanged, compared to its average volume of 916,303. The firm has a market cap of $2.81 billion, a PE ratio of 64.05, a PEG ratio of 18.55 and a beta of 1.33. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $174.51 and a 200-day moving average price of $183.71. Centrus Energy Corp. has a 12 month low of $140.35 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.74 by $1.03. The firm had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. Research analysts expect that Centrus Energy Corp. will post 2.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LEU shares. Truist Financial initiated coverage on Centrus Energy in a research note on Monday, July 13th. They issued a "buy" rating and a $215.00 target price on the stock. UBS Group upped their target price on Centrus Energy from $170.00 to $185.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Northland Securities set a $270.00 price target on shares of Centrus Energy in a research report on Friday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Centrus Energy in a report on Tuesday, August 4th. Finally, Roth Capital reiterated a "neutral" rating and set a $188.00 price objective on shares of Centrus Energy in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Centrus Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $235.71.

Centrus Energy Profile

Centrus Energy Corp. NYSE: LEU is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.

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