Headlands Technologies LLC Buys New Stake 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 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,044 shares of the company's stock, valued at approximately $376,000.

Several other large investors have also recently added to or reduced their stakes in LEU. LPL Financial LLC increased its position in Centrus Energy by 21.4% in the 4th quarter. LPL Financial LLC now owns 38,211 shares of the company's stock valued at $2,545,000 after acquiring an additional 6,744 shares during the period. Vanguard Group Inc. increased its position in shares of Centrus Energy by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 967,393 shares of the company's stock valued at $64,438,000 after purchasing an additional 71,872 shares during the period. JPMorgan Chase & Co. increased its position in shares of Centrus Energy by 20.9% during the 4th quarter. JPMorgan Chase & Co. now owns 7,604 shares of the company's stock valued at $507,000 after purchasing an additional 1,316 shares during the period. Pictet Asset Management Holding SA acquired a new position in shares of Centrus Energy during the 4th quarter valued at $185,000. Finally, Wellington Management Group LLP acquired a new position in shares of Centrus Energy during the 4th quarter valued at $3,474,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction on Friday, May 30th. The shares were sold at an average price of $126.00, for a total value of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $223.15 on Friday. The stock has a market cap of $3.80 billion, a PE ratio of 50.60 and a beta of 1.35. The business has a fifty day simple moving average of $191.90 and a 200-day simple moving average of $121.07. 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 12 month low of $34.91 and a 12 month high of $264.90.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating 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 company's revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

LEU has been the topic of several research analyst reports. 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. UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 price target on the stock in a research report on Monday, July 21st. Evercore ISI raised their price objective on Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a research note on Friday. Stifel Nicolaus started coverage on Centrus Energy in a research note on Friday, July 11th. They set a "buy" rating and a $220.00 price objective for the company. Finally, Northland Capmk raised Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $195.73.

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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