Goldman Sachs Group Inc. Has $3.17 Million Holdings in Centrus Energy Corp. $LEU

Key Points

• Goldman Sachs Group Inc. reduced its stake in Centrus Energy Corp. by 74%, now holding $3.17 million in shares, following the sale of 145,002 shares during the first quarter.
• Despite the decrease in ownership, several institutional investors, including Nuveen Asset Management and SeaCrest Wealth Management, have increased their investments in Centrus Energy, highlighting ongoing interest in the stock.
• Equity analysts have collectively rated Centrus Energy as a moderate buy with a consensus target price of $202.09, while some analysts project earnings per share of 2.63 for the current fiscal year.

Goldman Sachs Group Inc. lessened its holdings in Centrus Energy Corp. (NYSE:LEU - Free Report) by 74.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,979 shares of the company's stock after selling 145,002 shares during the period. Goldman Sachs Group Inc. owned approximately 0.30% of Centrus Energy worth $3,171,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LEU. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Centrus Energy during the first quarter valued at $625,000. GAMMA Investing LLC increased its holdings in shares of Centrus Energy by 8,075.0% during the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock valued at $793,000 after acquiring an additional 12,597 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Centrus Energy by 380.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock valued at $401,000 after acquiring an additional 5,108 shares in the last quarter. KBC Group NV acquired a new position in Centrus Energy in the 1st quarter worth approximately $53,000. Finally, Teacher Retirement System of Texas increased its holdings in Centrus Energy by 21.1% in the 1st quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company's stock worth $866,000 after buying an additional 2,422 shares during the period. Institutional investors own 49.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LEU shares. Stifel Nicolaus assumed coverage on Centrus Energy in a report on Friday, July 11th. They issued a "buy" rating and a $220.00 price objective on the stock. Evercore ISI upped their target price on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Bank of America reissued a "neutral" rating and issued a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. William Blair reiterated an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Finally, Northland Securities set a $275.00 price objective on Centrus Energy in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Stock Performance

Shares of LEU stock traded up $14.07 during mid-day trading on Monday, reaching $308.56. The stock had a trading volume of 1,581,382 shares, compared to its average volume of 1,080,766. The firm's 50 day simple moving average is $215.39 and its 200 day simple moving average is $145.11. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a one year low of $45.92 and a one year high of $312.54. The firm has a market cap of $5.62 billion, a PE ratio of 70.42 and a beta of 1.53.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $1.89 earnings per share. The business's revenue was down 18.3% on a year-over-year basis. On average, analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current year.

About Centrus Energy

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.