Centrus Energy Corp. $LEU Shares Bought by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Centrus Energy Corp. by 35.2% in the second quarter, owning 73,112 shares valued at approximately $13.39 million by the end of the reporting period.
• Several large institutional investors also modified their positions in Centrus Energy, with significant increases from Deutsche Bank AG and Janus Henderson Group PLC among others, contributing to approximately 49.96% ownership by institutional investors.
• Wall Street analysts have expressed a mostly optimistic outlook, with a consensus rating of "Moderate Buy" and a target price range indicating potential growth for Centrus Energy stock.

Exchange Traded Concepts LLC raised its holdings in Centrus Energy Corp. (NYSE:LEU - Free Report) by 35.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,112 shares of the company's stock after purchasing an additional 19,051 shares during the quarter. Exchange Traded Concepts LLC owned 0.43% of Centrus Energy worth $13,393,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft purchased a new stake in Centrus Energy in the second quarter valued at $1,302,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Centrus Energy during the 1st quarter worth about $625,000. GAMMA Investing LLC boosted its stake in shares of Centrus Energy by 8,075.0% during the 1st quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock worth $793,000 after acquiring an additional 12,597 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Centrus Energy by 380.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock worth $401,000 after acquiring an additional 5,108 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Centrus Energy during the 1st quarter worth about $53,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LEU. 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. JPMorgan Chase & Co. increased their target price 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. Evercore ISI increased their target price on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. William Blair reissued an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Finally, HC Wainwright reissued a "buy" rating and set a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $202.09.

Centrus Energy Price Performance

Centrus Energy stock traded up $11.73 during midday trading on Monday, reaching $306.22. The company had a trading volume of 1,940,562 shares, compared to its average volume of 1,083,003. The company has a market capitalization of $5.58 billion, a P/E ratio of 69.44 and a beta of 1.53. Centrus Energy Corp. has a 12-month low of $45.92 and a 12-month high of $312.54. The firm's fifty day simple moving average is $217.19 and its 200-day simple moving average is $146.70. 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 released its quarterly earnings data 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%. The business's revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. As a group, equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

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.