Moody National Bank Trust Division Sells 1,239 Shares of Centrus Energy Corp. $LEU

Key Points

• Moody National Bank Trust Division reduced its stake in Centrus Energy Corp. by 9.2% during the second quarter, lowering its holdings to 12,181 shares valued at approximately $2,231,000.
• Centrus Energy's stock recently traded at $262.65, having a 12-month range from $40.34 to $264.90, with a market cap of $4.78 billion.
• The company reported a quarterly EPS of $1.59, surpassing analysts' expectations, although its revenue decreased by 18.3% year-over-year.

Moody National Bank Trust Division trimmed its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,181 shares of the company's stock after selling 1,239 shares during the quarter. Moody National Bank Trust Division owned approximately 0.07% of Centrus Energy worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC boosted its stake in Centrus Energy by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after acquiring an additional 188 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Centrus Energy by 4.6% during the 1st quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock valued at $280,000 after buying an additional 200 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Centrus Energy by 4.8% during the 1st quarter. HighTower Advisors LLC now owns 5,055 shares of the company's stock valued at $314,000 after buying an additional 231 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of Centrus Energy by 2.4% during the 2nd quarter. NBC Securities Inc. now owns 10,516 shares of the company's stock valued at $1,926,000 after buying an additional 244 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its stake in shares of Centrus Energy by 5.8% during the 1st quarter. Nomura Holdings Inc. now owns 4,569 shares of the company's stock valued at $284,000 after buying an additional 251 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on LEU. Bank of America restated a "neutral" rating and set a $285.00 price target (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. B. Riley restated a "buy" rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. William Blair restated an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Finally, Stifel Nicolaus began coverage on shares of Centrus Energy in a research note on Friday, July 11th. They set a "buy" rating and a $220.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Trading Down 0.3%

LEU traded down $0.91 during trading on Tuesday, hitting $305.31. 508,409 shares of the stock traded hands, compared to its average volume of 1,079,715. The firm has a market capitalization of $5.56 billion, a P/E ratio of 69.03 and a beta of 1.53. 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 firm has a 50-day moving average of $217.19 and a 200 day moving average of $146.70. Centrus Energy Corp. has a 12-month low of $49.40 and a 12-month high of $312.54.

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

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.