MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $62.96 Million Stock Holdings in Centrus Energy Corp. $LEU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Centrus Energy Corp. by 3.3%, acquiring an additional 32,002 shares to bring its total holdings to over 1 million shares valued at approximately $62.9 million.
• Several institutional investors significantly increased their positions in Centrus, with Voloridge Investment Management boosting its stake by 1,300.5% in the last quarter.
• Centrus Energy reported strong quarterly earnings, with an EPS of $1.59, well above the expected $0.58, despite a 18.3% year-over-year revenue decline.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,011,978 shares of the company's stock after acquiring an additional 32,002 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 6.04% of Centrus Energy worth $62,955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LEU. Voloridge Investment Management LLC increased its stake in shares of Centrus Energy by 1,300.5% during the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock worth $15,664,000 after acquiring an additional 218,364 shares during the period. Granahan Investment Management LLC acquired a new position in shares of Centrus Energy during the first quarter worth about $13,440,000. Driehaus Capital Management LLC acquired a new position in Centrus Energy during the fourth quarter worth about $10,367,000. Two Sigma Investments LP grew its position in Centrus Energy by 941.6% during the fourth quarter. Two Sigma Investments LP now owns 79,872 shares of the company's stock worth $5,320,000 after buying an additional 72,204 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in Centrus Energy during the fourth quarter worth about $4,703,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

NYSE:LEU traded up $10.33 during mid-day trading on Thursday, hitting $229.63. The stock had a trading volume of 581,240 shares, compared to its average volume of 1,055,629. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 52.07 and a beta of 1.53. 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 50 day simple moving average of $207.05 and a 200-day simple moving average of $136.75. Centrus Energy Corp. has a 52 week low of $38.77 and a 52 week high of $264.90.

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, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. Centrus Energy's quarterly 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 expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LEU has been the topic of several recent analyst reports. Bank of America restated a "neutral" rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. HC Wainwright reiterated a "buy" rating and set a $300.00 price objective on shares of Centrus Energy in a research note on Tuesday, August 26th. UBS Group upgraded shares of Centrus Energy to a "hold" rating and set a $215.00 price target on the stock in a research report on Monday, July 21st. Northland Capmk upgraded shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Stifel Nicolaus initiated coverage on shares of Centrus Energy in a research report on Friday, July 11th. They issued a "buy" rating and a $220.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Centrus Energy has a consensus rating of "Moderate Buy" and an average price target of $202.09.

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.