Denali Advisors LLC Acquires Shares of 1,400 Centrus Energy Corp. $LEU

Key Points

• Denali Advisors LLC has acquired 1,400 shares of Centrus Energy Corp., valued at approximately $256,000, marking a notable investment in the company.
• Centrus Energy's stock has shown a significant increase, trading up 9.3%, with current valuations reflecting a market capitalization of $6.27 billion.
• The company recently reported a quarterly earnings per share (EPS) of $1.59, exceeding estimates by $1.01, despite an overall revenue drop of 18.3% year-over-year.

Denali Advisors LLC acquired a new stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,400 shares of the company's stock, valued at approximately $256,000.

Other institutional investors have also bought and sold shares of the company. Stone House Investment Management LLC bought a new position in Centrus Energy during the first quarter valued at $28,000. USA Financial Formulas purchased a new stake in shares of Centrus Energy in the second quarter valued at $35,000. Harbour Investments Inc. raised its stake in shares of Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company's stock valued at $38,000 after acquiring an additional 189 shares during the period. Comerica Bank raised its stake in shares of Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company's stock valued at $41,000 after acquiring an additional 560 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Centrus Energy by 2,084.6% in the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock valued at $52,000 after acquiring an additional 271 shares during the period. Institutional investors own 49.96% of the company's stock.

Centrus Energy Trading Up 9.3%

LEU stock opened at $344.23 on Friday. The company has a market capitalization of $6.27 billion, a PE ratio of 78.06 and a beta of 1.51. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. The firm's 50-day moving average is $277.52 and its 200 day moving average is $190.70. 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 (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The firm's revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. On average, research analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Analyst Ratings Changes

LEU has been the topic of several recent analyst reports. Bank of America reissued a "neutral" rating and issued a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. William Blair reissued an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 target price on the stock in a research note on Monday, July 21st. HC Wainwright reissued a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. Finally, Evercore ISI increased their target price on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Centrus Energy has an average rating of "Moderate Buy" and an average price target of $202.09.

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.