Diamond Hill Capital Management LLC Investment Advisor Makes New Investment in Centrus Energy Corp. $LEU

Key Points

• Diamond Hill Capital Management initiated a Centrus Energy stake of 11,618 shares worth approximately $1.95 million, while institutional investors collectively own nearly 50% of the company.
• Analysts maintain a generally positive outlook, with Centrus receiving a “Moderate Buy” consensus rating and an average price target of $246.17.
• Centrus reported quarterly EPS of $1.77, exceeding estimates of $0.74, while revenue rose 14% year over year to $176.1 million.

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,618 shares of the company's stock, valued at approximately $1,950,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.06% of Centrus Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Centrus Energy by 16,538.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company's stock worth $24,598,000 after acquiring an additional 100,717 shares during the last quarter. AlphaStar Capital Management LLC bought a new position in Centrus Energy during the fourth quarter worth $4,473,000. Vanguard Group Inc. increased its holdings in shares of Centrus Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company's stock worth $263,745,000 after purchasing an additional 14,325 shares during the period. Next Century Growth Investors LLC lifted its stake in shares of Centrus Energy by 56.2% in the fourth quarter. Next Century Growth Investors LLC now owns 33,462 shares of the company's stock valued at $8,123,000 after buying an additional 12,037 shares during the period. Finally, Pier Capital LLC raised its holdings in Centrus Energy by 165.5% in the 4th quarter. Pier Capital LLC now owns 14,036 shares of the company's stock valued at $3,407,000 after acquiring an additional 8,749 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LEU. Needham & Company LLC dropped their target price on Centrus Energy from $264.00 to $262.00 and set a "buy" rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Zacks Research upgraded Centrus Energy from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Truist Financial assumed coverage on shares of Centrus Energy in a research note on Monday, July 13th. They issued a "buy" rating and a $215.00 price objective on the stock. Finally, B. Riley Financial reduced their target price on Centrus Energy from $315.00 to $295.00 and set a "buy" rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $246.17.

Centrus Energy Stock Performance

NYSE LEU opened at $184.57 on Tuesday. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The firm's fifty day moving average price is $171.89 and its two-hundred day moving average price is $192.66. The firm has a market capitalization of $3.68 billion, a P/E ratio of 83.90, a price-to-earnings-growth ratio of 24.45 and a beta of 1.36. Centrus Energy Corp. has a 1 year low of $142.13 and a 1 year high of $464.25.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business had revenue of $176.10 million during the quarter. During the same period in the prior year, the business earned $1.59 EPS. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.6 EPS for the current year.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source