Invesco Ltd. Trims Position in Centrus Energy Corp. $LEU

Invesco Ltd. decreased its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 18.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,400 shares of the company's stock after selling 4,673 shares during the period. Invesco Ltd. owned approximately 0.12% of Centrus Energy worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LEU. Voloridge Investment Management LLC boosted its holdings in Centrus Energy by 1,300.5% in 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. Driehaus Capital Management LLC purchased a new stake in Centrus Energy in the fourth quarter valued at $10,367,000. Two Sigma Investments LP boosted its holdings in Centrus Energy by 941.6% in the fourth quarter. Two Sigma Investments LP now owns 79,872 shares of the company's stock valued at $5,320,000 after purchasing an additional 72,204 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Centrus Energy in the fourth quarter valued at $4,703,000. Finally, Point72 Asset Management L.P. boosted its holdings in Centrus Energy by 107.2% in the fourth quarter. Point72 Asset Management L.P. now owns 128,535 shares of the company's stock valued at $8,562,000 after purchasing an additional 66,512 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LEU shares. JPMorgan Chase & Co. boosted their target price on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. B. Riley reaffirmed a "buy" rating and issued a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price objective for the company in a report on Monday, July 21st. Finally, William Blair reaffirmed an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. One investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $202.09.

Centrus Energy Price Performance

LEU traded up $6.38 during midday trading on Friday, hitting $205.39. 927,660 shares of the company traded hands, compared to its average volume of 1,058,910. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 46.57 and a beta of 1.53. Centrus Energy Corp. has a 52-week low of $34.91 and a 52-week high of $264.90. The business has a 50 day simple moving average of $204.78 and a two-hundred day simple moving average of $134.65.

Centrus Energy (NYSE:LEU - Get Free Report) last released 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 net margin of 16.56% and a return on equity of 84.09%. During the same quarter last year, the business earned $1.89 earnings per share. Centrus Energy's revenue was down 18.3% compared to the same quarter last year. On average, equities analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

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.