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 boosted its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 35.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 about 0.43% of Centrus Energy worth $13,393,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LEU. Cetera Investment Advisers bought a new stake in Centrus Energy in the 4th quarter valued at about $236,000. Deutsche Bank AG increased its stake in Centrus Energy by 70.8% during the 4th quarter. Deutsche Bank AG now owns 14,385 shares of the company's stock valued at $958,000 after buying an additional 5,963 shares during the period. Janus Henderson Group PLC increased its stake in Centrus Energy by 41.8% during the 4th quarter. Janus Henderson Group PLC now owns 6,450 shares of the company's stock valued at $428,000 after buying an additional 1,900 shares during the period. Nuveen Asset Management LLC increased its stake in Centrus Energy by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after buying an additional 188 shares during the period. Finally, ProShare Advisors LLC acquired a new position in shares of Centrus Energy in the 4th quarter worth approximately $272,000. 49.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective 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. Stifel Nicolaus initiated coverage on shares of Centrus Energy in a report on Friday, July 11th. They set a "buy" rating and a $220.00 price target for the company. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a research note on Thursday, August 7th. HC Wainwright reaffirmed a "buy" rating and set a $300.00 target price on shares of Centrus Energy in a research report on Tuesday, August 26th. Finally, B. Riley reissued a "buy" rating and issued a $221.00 price target (up previously from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of "Moderate Buy" and an average price target of $202.09.

Centrus Energy Stock Performance

Centrus Energy stock traded up $31.84 during mid-day trading on Friday, hitting $294.49. 3,390,625 shares of the company's stock traded hands, compared to its average volume of 1,078,237. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 66.78 and a beta of 1.53. The firm has a 50 day simple moving average of $215.39 and a two-hundred day simple moving average of $144.66. Centrus Energy Corp. has a fifty-two week low of $42.20 and a fifty-two week high of $301.57.

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, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same quarter in the previous year, the business posted $1.89 EPS. The firm's revenue for the quarter was down 18.3% compared to the same quarter last year. On average, research analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal 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.