Magnus Financial Group LLC Takes Position in Centrus Energy Corp. $LEU

Magnus Financial Group LLC acquired a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,250 shares of the company's stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Centrus Energy by 2,084.6% during the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock worth $52,000 after purchasing an additional 271 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of Centrus Energy during the 1st quarter valued at approximately $28,000. State of Wyoming bought a new position in Centrus Energy in the 4th quarter worth approximately $33,000. Comerica Bank boosted its holdings in Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company's stock worth $41,000 after buying an additional 560 shares during the period. Finally, KBC Group NV purchased a new position in Centrus Energy in the 1st quarter valued at approximately $53,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Price Performance

Centrus Energy stock opened at $312.19 on Friday. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 70.79 and a beta of 1.53. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The business has a 50-day simple moving average of $221.47 and a 200 day simple moving average of $150.31. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $318.08.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. On average, research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 target price on the stock in a research report on Monday, July 21st. B. Riley reiterated a "buy" rating and set a $221.00 price objective (up from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. Northland Capmk raised Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. Evercore ISI lifted their target price on Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Northland Securities set a $275.00 price target on Centrus Energy in a research report on Thursday, August 7th. One equities research 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. According to data from MarketBeat.com, Centrus Energy has a consensus rating of "Moderate Buy" and an average target price of $202.09.

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.

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