Kovitz Investment Group Partners LLC Has $1.11 Million Position in Centrus Energy Corp. $LEU

Key Points

• Kovitz Investment Group Partners LLC has decreased its stake in Centrus Energy Corp. by 34.0%, owning 17,885 shares worth approximately $1.11 million after selling 9,214 shares in the first quarter.
• A number of institutional investors, including Mirae Asset Global ETFs Holdings Ltd. and Voloridge Investment Management LLC, have recently adjusted their holdings in Centrus Energy, reflecting significant activity in institutional ownership.
• Centrus Energy reported an earnings per share of $1.59 for the last quarter, exceeding expectations, although its revenue has declined 18.3% year-over-year.

Kovitz Investment Group Partners LLC lessened its holdings in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 34.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,885 shares of the company's stock after selling 9,214 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.11% of Centrus Energy worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LEU. GAMMA Investing LLC increased its holdings in shares of Centrus Energy by 8,075.0% in the first 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 last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Centrus Energy by 380.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock valued at $401,000 after buying an additional 5,108 shares in the last quarter. 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 boosted its holdings in shares of Centrus Energy by 21.1% in the first quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company's stock valued at $866,000 after acquiring an additional 2,422 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Centrus Energy by 20.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,604 shares of the company's stock worth $507,000 after buying an additional 1,316 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

NYSE:LEU traded down $1.19 during midday trading on Monday, reaching $185.28. The stock had a trading volume of 969,812 shares, compared to its average volume of 1,047,063. Centrus Energy Corp. has a 1-year low of $34.91 and a 1-year high of $264.90. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The stock has a market capitalization of $3.37 billion, a P/E ratio of 42.01 and a beta of 1.35. The firm's fifty day simple moving average is $200.87 and its 200-day simple moving average is $129.16.

Centrus Energy (NYSE:LEU - Get Free Report) last announced 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 net margin of 16.56% and a return on equity of 84.09%. The company's quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. On average, equities research analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. B. Riley reissued 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. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. raised their price target on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. William Blair reissued an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Finally, Stifel Nicolaus started coverage on shares of Centrus Energy in a report on Friday, July 11th. They issued a "buy" rating and a $220.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $202.09.

Insider Activity

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the company'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 filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

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.