Deutsche Bank AG Has $806,000 Stake in Centrus Energy Corp. $LEU

Key Points

• Deutsche Bank AG reduced its stake in Centrus Energy Corp. by 9.9%, holding 12,961 shares worth approximately $806,000 as of the end of the first quarter.
• Other institutional investors have significantly increased their positions in Centrus, with GAMMA Investing LLC raising its holdings by 8,075% during the same period.
• Centrus Energy reported $1.59 earnings per share for the latest quarter, exceeding the consensus estimate of $0.58, though its revenue has decreased by 18.3% year-over-year.

Deutsche Bank AG trimmed its holdings in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 9.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 12,961 shares of the company's stock after selling 1,424 shares during the period. Deutsche Bank AG owned approximately 0.08% of Centrus Energy worth $806,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Centrus Energy by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 979,976 shares of the company's stock worth $65,276,000 after acquiring an additional 13,764 shares during the period. Anatole Investment Management Ltd bought a new position in shares of Centrus Energy during the 4th quarter worth about $27,880,000. Dimensional Fund Advisors LP lifted its holdings in shares of Centrus Energy by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 320,876 shares of the company's stock worth $21,375,000 after acquiring an additional 8,539 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of Centrus Energy by 1,300.5% during the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock worth $15,664,000 after acquiring an additional 218,364 shares during the period. Finally, Soros Fund Management LLC bought a new position in shares of Centrus Energy during the 4th quarter worth about $14,821,000. 49.96% of the stock is owned by institutional investors.

Centrus Energy Price Performance

LEU traded down $7.65 during midday trading on Friday, hitting $201.73. The company had a trading volume of 1,433,952 shares, compared to its average volume of 1,062,935. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market capitalization of $3.67 billion, a PE ratio of 45.74 and a beta of 1.35. Centrus Energy Corp. has a twelve month low of $34.91 and a twelve month high of $264.90. The firm's 50-day simple moving average is $202.73 and its 200-day simple moving average is $131.63.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.56% and a return on equity of 84.09%. The firm's quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. Equities research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LEU has been the subject of a number of analyst reports. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price target for the company in a report on Monday, July 21st. Bank of America reissued a "neutral" rating and set a $285.00 price target (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. William Blair reissued an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. Finally, Northland Securities set a $275.00 price target on shares of Centrus Energy in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.