GC Wealth Management RIA LLC Makes New Investment in Centrus Energy Corp. $LEU

Key Points

• GC Wealth Management RIA LLC purchased a new stake in Centrus Energy Corp., acquiring 6,000 shares valued at approximately $1,099,000 during the second quarter.
• Analysts have a average rating of "Moderate Buy" for Centrus Energy, with target prices ranging from $164.00 to $285.00.
• Centrus Energy's stock has shown strong performance with a 1-year high of $338.00 and notable earnings, reporting $1.59 per share for the last quarter, exceeding estimates by $1.01.

GC Wealth Management RIA LLC bought 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 6,000 shares of the company's stock, valued at approximately $1,099,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Centrus Energy by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company's stock valued at $62,955,000 after acquiring an additional 32,002 shares during the last quarter. Granahan Investment Management LLC bought a new position in shares of Centrus Energy in the first quarter worth about $13,440,000. Goehring & Rozencwajg Associates LLC increased its stake in Centrus Energy by 2.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 212,362 shares of the company's stock worth $13,211,000 after buying an additional 4,606 shares during the period. TB Alternative Assets Ltd. lifted its holdings in Centrus Energy by 22.0% during the 1st quarter. TB Alternative Assets Ltd. now owns 144,874 shares of the company's stock valued at $9,013,000 after buying an additional 26,171 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Centrus Energy by 35.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 73,112 shares of the company's stock valued at $13,393,000 after buying an additional 19,051 shares during the period. 49.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on LEU. Northland Securities set a $275.00 target price on shares of Centrus Energy in a research report on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on 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 began coverage on Centrus Energy in a research report on Friday, July 11th. They set a "buy" rating and a $220.00 target price for the company. Bank of America reissued a "neutral" rating and set a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Finally, Evercore ISI raised their price target on Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Price Performance

Shares of LEU stock opened at $315.62 on Tuesday. The stock's 50-day moving average is $224.43 and its 200 day moving average is $154.68. Centrus Energy Corp. has a 1-year low of $49.40 and a 1-year high of $338.00. 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 company has a market cap of $5.75 billion, a P/E ratio of 71.57 and a beta of 1.53.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results 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 company's revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 earnings per share. Research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share 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.

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