Headlands Technologies LLC Invests $376,000 in Centrus Energy Corp. (NYSE:LEU)

Key Points

• Headlands Technologies LLC acquired a new stake in Centrus Energy Corp. during the 1st quarter, purchasing 6,044 shares valued at approximately $376,000.
• In the 4th quarter, institutional investors LPL Financial LLC, Vanguard Group Inc., and JPMorgan Chase & Co. significantly increased their holdings in Centrus Energy.
• Centrus Energy reported earnings of $1.59 per share for the last quarter, surpassing expectations, although its revenue decreased by 18.3% compared to the previous year.

Headlands Technologies LLC bought a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,044 shares of the company's stock, valued at approximately $376,000.

Other hedge funds have also made changes to their positions in the company. 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 worth $1,947,000 after buying an additional 188 shares during the period. Summit Investment Advisors Inc. increased its stake in Centrus Energy by 16.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after buying an additional 195 shares during the period. New York State Common Retirement Fund increased its stake in Centrus Energy by 4.6% during the 1st quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock worth $280,000 after buying an additional 200 shares during the period. SeaCrest Wealth Management LLC increased its stake in Centrus Energy by 3.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 12,068 shares of the company's stock worth $751,000 after buying an additional 353 shares during the period. Finally, Arizona State Retirement System increased its stake in Centrus Energy by 10.6% during the 1st quarter. Arizona State Retirement System now owns 4,496 shares of the company's stock worth $280,000 after buying an additional 432 shares during the period. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

Shares of NYSE LEU traded down $1.10 during midday trading on Thursday, hitting $186.35. The company's stock had a trading volume of 1,368,632 shares, compared to its average volume of 1,025,197. Centrus Energy Corp. has a 1-year low of $34.91 and a 1-year high of $264.90. The firm's fifty day moving average price is $196.44 and its 200-day moving average price is $123.25. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The firm has a market cap of $3.17 billion, a P/E ratio of 42.22 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a "buy" rating and set a $221.00 price target (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 target price for the company in a research report on Monday, July 21st. Northland Securities set a $275.00 target price on shares of Centrus Energy in a research report on Thursday, August 7th. 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 research report on Thursday, August 7th. Finally, Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $202.09.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

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.