Centrus Energy Corp. $LEU Shares Purchased by Van ECK Associates Corp

Key Points

• Van ECK Associates Corp increased its stake in Centrus Energy (NYSE:LEU) by 25.9% in Q3, owning 780,986 shares—about 4.29% of the company—valued at roughly $242.16 million.
• Centrus reported quarterly EPS of $0.79 versus a $1.42 consensus (a notable miss) with revenue of $146.2 million, slightly above estimates but down 3.6% year-over-year.
• LEU trades near $196.45 (1‑year range $49.40–$464.25) with a market cap of about $3.86 billion and a PE of 47.11; analysts' consensus is a Moderate Buy with an average target of $258.83.

Van ECK Associates Corp increased its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 25.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 780,986 shares of the company's stock after acquiring an additional 160,482 shares during the period. Van ECK Associates Corp owned approximately 4.29% of Centrus Energy worth $242,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LEU. TB Alternative Assets Ltd. grew its stake in shares of Centrus Energy by 125.1% during the third quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company's stock valued at $29,112,000 after acquiring an additional 52,181 shares in the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Centrus Energy in the third quarter worth $3,024,000. American Century Companies Inc. boosted its stake in Centrus Energy by 78.8% during the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company's stock valued at $137,132,000 after acquiring an additional 194,909 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Centrus Energy in the 3rd quarter worth about $5,427,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Centrus Energy in the 2nd quarter valued at about $249,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Stock Up 4.0%

Shares of LEU stock opened at $196.45 on Tuesday. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $464.25. The stock has a market cap of $3.86 billion, a PE ratio of 47.11 and a beta of 1.26. The business's fifty day moving average is $256.40 and its 200-day moving average is $273.63. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.63). The business had revenue of $146.20 million during the quarter, compared to analyst estimates of $145.40 million. Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The business's revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LEU. UBS Group decreased their target price on Centrus Energy from $245.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, March 5th. Roth Mkm reiterated a "neutral" rating and set a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $357.00 price target on shares of Centrus Energy in a report on Monday, December 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Centrus Energy in a research note on Monday, December 29th. Finally, Northland Securities set a $285.00 target price on Centrus Energy in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Centrus Energy currently has a consensus rating of "Moderate Buy" and an average target price of $258.83.

Centrus Energy Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.

Want to see what other hedge funds are holding LEU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centrus Energy Corp. (NYSE:LEU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.