Graham Capital Management L.P. Increases Position in Centrus Energy Corp. $LEU

Key Points

• Graham Capital Management L.P. increased its stake in Centrus Energy Corp. by 24.0%, acquiring an additional 2,131 shares, bringing its total holdings to 11,006 shares valued at approximately $685,000.
• Centrus Energy has seen substantial interest from institutional investors, with 49.96% of the company's stock now being owned by them, as several other hedge funds also adjusted their positions in the company.
• Analysts have positive outlooks on Centrus Energy, with target price estimates ranging from $215.00 to $300.00 after rating the stock mainly as a "Buy" or "Outperform".

Graham Capital Management L.P. raised its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,006 shares of the company's stock after purchasing an additional 2,131 shares during the period. Graham Capital Management L.P. owned 0.07% of Centrus Energy worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Centrus Energy by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 979,976 shares of the company's stock valued at $65,276,000 after buying an additional 13,764 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Centrus Energy by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 320,876 shares of the company's stock valued at $21,375,000 after acquiring an additional 8,539 shares during the period. Voloridge Investment Management LLC lifted its holdings in Centrus Energy by 1,300.5% during the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock valued at $15,664,000 after purchasing an additional 218,364 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its position in Centrus Energy by 2.2% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 212,362 shares of the company's stock worth $13,211,000 after purchasing an additional 4,606 shares during the period. Finally, Driehaus Capital Management LLC purchased a new position in shares of Centrus Energy in the fourth quarter worth about $10,367,000. 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. Stifel Nicolaus initiated coverage on shares of Centrus Energy in a research report on Friday, July 11th. They issued a "buy" rating and a $220.00 price target on the stock. B. Riley reissued a "buy" rating and set a $221.00 target price (up previously from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. HC Wainwright restated a "buy" rating and set a $300.00 target price on shares of Centrus Energy in a research report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price target on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Northland Securities set a $275.00 price objective on Centrus Energy in a research note on Thursday, August 7th. 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 company's stock. Based on data from MarketBeat, Centrus Energy presently has an average rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Price Performance

NYSE:LEU traded up $1.40 during trading hours on Wednesday, hitting $219.30. 881,282 shares of the company's stock traded hands, compared to its average volume of 1,058,869. Centrus Energy Corp. has a 52 week low of $37.24 and a 52 week high of $264.90. The business's fifty day simple moving average is $207.05 and its two-hundred day simple moving average is $136.75. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The firm has a market cap of $3.99 billion, a P/E ratio of 49.73 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, 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%.Centrus Energy's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period last year, the company posted $1.89 EPS. On average, research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Centrus Energy Company 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.