Cetera Investment Advisers Buys 2,916 Shares of Centrus Energy Corp. $LEU

Key Points

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Cetera Investment Advisers increased its holdings in Centrus Energy Corp. (NYSE:LEU - Free Report) by 82.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,455 shares of the company's stock after purchasing an additional 2,916 shares during the period. Cetera Investment Advisers' holdings in Centrus Energy were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Nuveen Asset Management LLC boosted its holdings in Centrus Energy by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock worth $1,947,000 after purchasing an additional 188 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after acquiring an additional 195 shares during the period. New York State Common Retirement Fund boosted its holdings in Centrus Energy by 4.6% during the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock valued at $280,000 after acquiring an additional 200 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Centrus Energy by 3.0% during the first quarter. SeaCrest Wealth Management LLC now owns 12,068 shares of the company's stock valued at $751,000 after acquiring an additional 353 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Centrus Energy by 10.6% during the first quarter. Arizona State Retirement System now owns 4,496 shares of the company's stock valued at $280,000 after acquiring an additional 432 shares during the period. 49.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.

Centrus Energy Price Performance

NYSE:LEU traded up $13.43 during mid-day trading on Friday, hitting $190.71. The company's stock had a trading volume of 1,318,719 shares, compared to its average volume of 1,044,741. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 43.30 and a beta of 1.35. Centrus Energy Corp. has a fifty-two week low of $34.91 and a fifty-two week high of $264.90. The stock has a fifty day moving average of $200.08 and a 200-day moving average of $127.27.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. Centrus Energy's revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS. As a group, equities analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LEU shares. Northland Securities set a $275.00 target price on shares of Centrus Energy in a research note on Thursday, August 7th. B. Riley reiterated a "buy" rating and issued a $221.00 target price (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. JPMorgan Chase & Co. increased their target price on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Evercore ISI increased their target price on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Bank of America reiterated a "neutral" rating and issued a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.09.

About Centrus Energy

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.