Clear Creek Financial Management LLC Takes Position in Centrus Energy Corp. $LEU

Key Points

• Clear Creek Financial Management LLC has acquired a new stake in Centrus Energy Corp. (NYSE:LEU), purchasing 1,240 shares valued at approximately $227,000.
• Several hedge funds, including Granahan Investment Management and Raymond James Financial Inc., have significantly increased their holdings in Centrus Energy during the first quarter.
• Centrus Energy recently reported a quarterly earnings per share (EPS) of $1.59, surpassing analysts' expectations, despite a year-over-year revenue decline of 18.3%.

Clear Creek Financial Management LLC acquired a new stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,240 shares of the company's stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LEU. Granahan Investment Management LLC bought a new position in shares of Centrus Energy during the first quarter valued at about $13,440,000. Raymond James Financial Inc. raised its stake in Centrus Energy by 944.9% in the first quarter. Raymond James Financial Inc. now owns 58,057 shares of the company's stock worth $3,612,000 after buying an additional 52,501 shares in the last quarter. Nuveen LLC bought a new position in Centrus Energy in the first quarter worth about $2,913,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Centrus Energy by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company's stock worth $62,955,000 after buying an additional 32,002 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in Centrus Energy in the first quarter worth about $1,960,000. 49.96% of the stock is owned by institutional investors.

Centrus Energy Trading Down 2.0%

NYSE:LEU opened at $363.71 on Friday. The company's 50 day moving average price is $246.78 and its 200-day moving average price is $171.41. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $423.24. 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 stock has a market cap of $6.62 billion, a price-to-earnings ratio of 82.47 and a beta of 1.51.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results 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 quarter in the previous year, the business earned $1.89 EPS. The company's quarterly revenue was down 18.3% on a year-over-year basis. On average, equities research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. HC Wainwright reissued a "buy" rating and issued a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. 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. increased their price target 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. Bank of America reissued a "neutral" rating and issued a $285.00 price target (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Finally, UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price target for the company in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Centrus Energy presently has an average rating of "Moderate Buy" and a consensus target price 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.

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