Cetera Investment Advisers Increases Position in Centrus Energy Corp. $LEU

Key Points

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Cetera Investment Advisers boosted its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 82.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

A number of other institutional investors also recently bought and sold shares of LEU. Anatole Investment Management Ltd purchased a new stake in shares of Centrus Energy in the 4th quarter valued at approximately $27,880,000. Soros Fund Management LLC purchased a new stake in shares of Centrus Energy in the 4th quarter valued at approximately $14,821,000. Voloridge Investment Management LLC raised its stake in shares of Centrus Energy by 1,300.5% in the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock valued at $15,664,000 after acquiring an additional 218,364 shares during the period. Driehaus Capital Management LLC purchased a new stake in shares of Centrus Energy in the 4th quarter valued at approximately $10,367,000. Finally, Two Sigma Investments LP raised its stake in shares of Centrus Energy by 941.6% in the 4th quarter. Two Sigma Investments LP now owns 79,872 shares of the company's stock valued at $5,320,000 after acquiring an additional 72,204 shares during the period. 49.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Centrus Energy

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

Centrus Energy Stock Up 5.2%

Shares of NYSE:LEU traded up $9.19 during trading hours on Friday, reaching $186.47. The stock had a trading volume of 1,703,618 shares, compared to its average volume of 1,047,482. Centrus Energy Corp. has a 1 year low of $34.91 and a 1 year high of $264.90. The firm's 50 day moving average is $200.56 and its 200-day moving average is $128.30. 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 capitalization of $3.40 billion, a price-to-earnings ratio of 42.28 and a beta of 1.35.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LEU shares. B. Riley reissued a "buy" rating and issued a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. JPMorgan Chase & Co. upped their target price on shares of Centrus Energy from $150.00 to $164.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. William Blair reiterated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. Bank of America restated a "neutral" rating and issued a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Finally, Northland Capmk raised Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.