Granahan Investment Management LLC Purchases New Shares in Centrus Energy Corp. $LEU

Key Points

• Granahan Investment Management LLC has acquired 216,047 shares of Centrus Energy Corp (NYSE:LEU) during the 1st quarter, amounting to a value of approximately $13,440,000, representing about 1.29% of the company.
• Centrus Energy reported earnings of $1.59 per share for the last quarter, which exceeded estimates by $1.01, although revenue was down 18.3% compared to the previous year.
• Several investment analysts have recently adjusted their ratings and target prices for Centrus Energy, with a consensus price target of $202.09 reflecting a generally favorable outlook.

Granahan Investment Management LLC acquired a new stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 216,047 shares of the company's stock, valued at approximately $13,440,000. Granahan Investment Management LLC owned 1.29% of Centrus Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Centrus Energy by 8,075.0% in the 1st quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock valued at $793,000 after purchasing an additional 12,597 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Centrus Energy by 380.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock valued at $401,000 after purchasing an additional 5,108 shares during the period. KBC Group NV acquired a new position in shares of Centrus Energy in the 1st quarter valued at $53,000. 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 acquiring an additional 2,422 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Centrus Energy by 8,445.8% in the 1st quarter. US Bancorp DE now owns 2,051 shares of the company's stock worth $128,000 after acquiring an additional 2,027 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Trading Up 2.5%

Shares of NYSE:LEU traded up $5.47 during trading on Wednesday, reaching $223.37. 502,244 shares of the stock were exchanged, compared to its average volume of 1,056,515. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy Corp. has a 12-month low of $37.24 and a 12-month high of $264.90. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 50.62 and a beta of 1.53. The firm's 50-day moving average price is $206.19 and its 200 day moving average price is $136.17.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly 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%.The business's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LEU. HC Wainwright reissued a "buy" rating and issued a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. B. Riley reissued a "buy" rating and set a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Northland Securities set a $275.00 target price 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, Evercore ISI lifted their price target on Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Centrus Energy has an average rating of "Moderate Buy" and an average target price of $202.09.

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.