Charles Schwab Investment Management Inc. Has $7.47 Million Holdings in Centrus Energy Corp. $LEU

Key Points

• Charles Schwab Investment Management has reduced its stake in Centrus Energy Corp. by 1.1%, now holding about 120,064 shares valued at approximately $7.47 million.
• Several institutional investors have increased their positions in Centrus Energy, with notable increases from JPMorgan Chase & Co. (20.9%) and Wells Fargo & Company (40.1%) in the fourth quarter.
• Research analysts have set various price targets for Centrus Energy, with Bank of America increasing its target from $210.00 to $285.00, while Northland Securities set a target of $275.00.

Charles Schwab Investment Management Inc. lessened its holdings in Centrus Energy Corp. (NYSE:LEU - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,064 shares of the company's stock after selling 1,328 shares during the period. Charles Schwab Investment Management Inc. owned about 0.72% of Centrus Energy worth $7,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Centrus Energy by 20.9% during the 4th quarter. JPMorgan Chase & Co. now owns 7,604 shares of the company's stock valued at $507,000 after acquiring an additional 1,316 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Centrus Energy by 40.1% during the 4th quarter. Wells Fargo & Company MN now owns 9,960 shares of the company's stock valued at $663,000 after acquiring an additional 2,850 shares in the last quarter. Invesco Ltd. lifted its position in shares of Centrus Energy by 509.3% during the fourth quarter. Invesco Ltd. now owns 25,073 shares of the company's stock valued at $1,670,000 after purchasing an additional 20,958 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Centrus Energy during the fourth quarter valued at about $370,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Centrus Energy by 2.7% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LEU shares. Northland Securities set a $275.00 price target on shares of Centrus Energy in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their target price on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Evercore ISI boosted their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Bank of America restated a "neutral" rating and set a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Finally, Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Price Performance

NYSE LEU opened at $208.67 on Wednesday. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The company has a market cap of $3.80 billion, a PE ratio of 47.32 and a beta of 1.35. Centrus Energy Corp. has a 52 week low of $34.91 and a 52 week high of $264.90. The firm's 50-day simple moving average is $201.58 and its two-hundred day simple moving average is $129.71.

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

Insider Activity at Centrus Energy

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

Centrus Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.