Centrus Energy Corp. $LEU is Sara Bay Financial's 2nd Largest Position

Key Points

• Sara Bay Financial has reduced its stake in Centrus Energy Corp. by 17.0%, now holding approximately 17.4% of its portfolio in the company, amounting to about $48.7 million.
• In the most recent quarter, Centrus Energy reported an EPS of $1.59, significantly exceeding analysts' expectations of $0.58, despite a 18.3% year-over-year decline in revenue.
• Analysts have a "Moderate Buy" consensus rating for Centrus Energy, with a target price averaging around $202.09, reflecting varying outlooks from firms like UBS and HC Wainwright.

Sara Bay Financial lowered its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,837 shares of the company's stock after selling 54,564 shares during the quarter. Centrus Energy makes up approximately 17.4% of Sara Bay Financial's portfolio, making the stock its 2nd biggest position. Sara Bay Financial owned about 1.56% of Centrus Energy worth $48,696,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LEU. Cetera Investment Advisers purchased a new stake in Centrus Energy in the fourth quarter worth approximately $236,000. Deutsche Bank AG boosted its stake in shares of Centrus Energy by 70.8% during the fourth quarter. Deutsche Bank AG now owns 14,385 shares of the company's stock valued at $958,000 after purchasing an additional 5,963 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Centrus Energy by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after purchasing an additional 188 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $272,000. Finally, State of Wyoming purchased a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

Shares of LEU stock opened at $302.59 on Wednesday. The stock has a fifty day moving average of $218.93 and a 200 day moving average of $147.78. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $312.54. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 68.61 and a beta of 1.53. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.Centrus Energy's revenue was down 18.3% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. As a group, research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LEU shares. UBS Group raised Centrus Energy to a "hold" rating and set a $215.00 price objective for the company in a research note on Monday, July 21st. HC Wainwright reissued a "buy" rating and set a $300.00 price objective on shares of Centrus Energy in a research note on Tuesday, August 26th. Evercore ISI increased their price objective on Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. increased their price objective on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Northland Securities set a $275.00 price objective on Centrus Energy in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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