JPMorgan Chase & Co. Has $10.78 Million Stock Holdings in Centrus Energy Corp. $LEU

Key Points

• JPMorgan Chase & Co. increased its stake in Centrus Energy by 309% in Q3, buying an additional 26,257 shares to hold 34,754 shares worth about $10.78 million, representing roughly 0.19% of the company.
• Centrus reported Q4 EPS of $0.79, missing the $1.42 consensus while revenue was $146.2M (slightly above estimates) but down 3.6% year-over-year, with a net margin of 17.34% and ROE of 15.52%.
• The stock has a market cap of $3.82B and a P/E of 46.58, trades in a wide 1‑year range ($49.40–$464.25), and carries an average analyst rating of "Moderate Buy" with an average price target of $258.83.

JPMorgan Chase & Co. raised its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 309.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,754 shares of the company's stock after purchasing an additional 26,257 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of Centrus Energy worth $10,776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TB Alternative Assets Ltd. grew its stake in shares of Centrus Energy by 125.1% in the third quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company's stock valued at $29,112,000 after buying an additional 52,181 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in Centrus Energy in the third quarter valued at $3,024,000. Nordea Investment Management AB bought a new position in shares of Centrus Energy in the 3rd quarter valued at about $5,427,000. Prospera Financial Services Inc bought a new position in shares of Centrus Energy in the 2nd quarter valued at about $249,000. Finally, Csenge Advisory Group acquired a new position in shares of Centrus Energy during the 3rd quarter worth about $969,000. Institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

NYSE:LEU opened at $194.24 on Friday. The stock has a 50 day simple moving average of $258.78 and a 200 day simple moving average of $272.00. The stock has a market cap of $3.82 billion, a P/E ratio of 46.58 and a beta of 1.26. Centrus Energy Corp. has a 1-year low of $49.40 and a 1-year high of $464.25. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The firm had revenue of $146.20 million during the quarter, compared to analyst estimates of $145.40 million. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LEU. Evercore reiterated an "outperform" rating and issued a $390.00 target price on shares of Centrus Energy in a research note on Monday, January 5th. B. Riley Financial raised their price objective on Centrus Energy from $221.00 to $315.00 and gave the company a "buy" rating in a research report on Monday, December 22nd. Roth Mkm reiterated a "neutral" rating and set a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. UBS Group dropped their price target on Centrus Energy from $245.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Zacks Research downgraded Centrus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Centrus Energy currently has an average rating of "Moderate Buy" and an average price target of $258.83.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.