Heartland Advisors Inc. Has $7.63 Million Holdings in Centrus Energy Corp. (NYSE:LEU)

Key Points

• Heartland Advisors Inc. reduced its stake in Centrus Energy Corp. by 18.8%, now holding 122,610 shares valued at approximately $7.63 million.
• Centrus Energy reported a significant earnings beat with $1.60 EPS for the last quarter, exceeding analysts' expectations and achieving a 67.3% increase in revenue year-over-year.
• Several hedge funds have increased their positions in Centrus Energy recently, with one firm boosting its stake by 8,075% during the 1st quarter.

Heartland Advisors Inc. lowered its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 18.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,610 shares of the company's stock after selling 28,460 shares during the quarter. Heartland Advisors Inc. owned approximately 0.73% of Centrus Energy worth $7,628,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Centrus Energy by 1.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 979,976 shares of the company's stock valued at $65,276,000 after acquiring an additional 13,764 shares in the last quarter. Vanguard Group Inc. increased its position in Centrus Energy by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 967,393 shares of the company's stock valued at $64,438,000 after acquiring an additional 71,872 shares in the last quarter. Anatole Investment Management Ltd bought a new position in shares of Centrus Energy in the 4th quarter valued at about $27,880,000. Geode Capital Management LLC boosted its stake in shares of Centrus Energy by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 325,603 shares of the company's stock valued at $21,694,000 after purchasing an additional 5,668 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Centrus Energy by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 320,876 shares of the company's stock valued at $21,375,000 after purchasing an additional 8,539 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Centrus Energy Stock Up 2.1%

LEU traded up $4.61 during trading on Wednesday, reaching $228.69. The company had a trading volume of 516,481 shares, compared to its average volume of 971,545. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $250.88. The business's fifty day moving average price is $175.02 and its 200 day moving average price is $113.15. The company has a market cap of $3.90 billion, a P/E ratio of 52.00 and a beta of 1.45.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period last year, the company earned ($0.38) EPS. The business's revenue was up 67.3% on a year-over-year basis. Equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy 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 document filed with the SEC, which is available at this hyperlink. Also, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

LEU has been the topic of several recent research reports. Evercore ISI set a $205.00 target price on shares of Centrus Energy and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Bank of America initiated coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They issued a "buy" rating and a $160.00 target price on the stock. Northland Securities initiated coverage on shares of Centrus Energy in a research note on Monday, July 7th. They issued an "outperform" rating and a $205.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of Centrus Energy in a research note on Friday, July 11th. They issued a "buy" rating and a $220.00 target price on the stock. Finally, Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $178.64.

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.