Mitsubishi UFJ Asset Management Co. Ltd. cut its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 26.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,631 shares of the company's stock after selling 2,799 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Centrus Energy were worth $475,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. State of Wyoming acquired a new stake in Centrus Energy during the 4th quarter worth approximately $33,000. Altshuler Shaham Ltd acquired a new stake in Centrus Energy during the 4th quarter worth approximately $49,000. KBC Group NV acquired a new stake in Centrus Energy during the 1st quarter worth approximately $53,000. Parallel Advisors LLC lifted its position in Centrus Energy by 69.5% during the 1st quarter. Parallel Advisors LLC now owns 1,271 shares of the company's stock worth $79,000 after acquiring an additional 521 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in Centrus Energy by 16.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after acquiring an additional 195 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.
Centrus Energy Price Performance
NYSE LEU traded down $5.88 during mid-day trading on Monday, hitting $177.54. The stock had a trading volume of 586,297 shares, compared to its average volume of 1,035,905. Centrus Energy Corp. has a 52-week low of $34.91 and a 52-week high of $264.90. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 40.26 and a beta of 1.35. The company has a 50 day simple moving average of $198.30 and a 200 day simple moving average of $125.32. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.
Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data 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%. During the same period in the prior year, the company posted $1.89 earnings per share. The firm's revenue for the quarter was down 18.3% on a year-over-year basis. Equities analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on LEU shares. William Blair reissued an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Stifel Nicolaus started coverage on Centrus Energy in a research note on Friday, July 11th. They set a "buy" rating and a $220.00 target price for the company. Northland Capmk raised Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. UBS Group raised Centrus Energy to a "hold" rating and set a $215.00 target price for the company in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on Centrus Energy from $150.00 to $164.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $202.09.
Check Out Our Latest Stock Analysis on Centrus Energy
Insiders Place Their Bets
In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the firm's stock in a transaction on Friday, May 30th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.
Centrus Energy Profile
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Free Report)
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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