46,830 Shares in Centrus Energy Corp. $LEU Acquired by Nuveen LLC

Key Points

• Nuveen LLC invested approximately $2.91 million in Centrus Energy Corp. by acquiring 46,830 shares during the first quarter, representing a 0.28% stake in the company.
• Several other institutional investors have recently increased their positions in Centrus Energy, with US Bancorp DE raising holdings by 8,445.8% in the first quarter.
• Centrus Energy reported earnings of $1.59 per share for the last quarter, exceeding estimates and demonstrating a net margin of 16.56%, despite a year-over-year revenue decline of 18.3%.

Nuveen LLC acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 46,830 shares of the company's stock, valued at approximately $2,913,000. Nuveen LLC owned about 0.28% of Centrus Energy at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LEU. State of Wyoming acquired a new stake in shares of Centrus Energy during the 4th quarter worth $33,000. KBC Group NV purchased a new stake in Centrus Energy during the 1st quarter worth $53,000. Parallel Advisors LLC boosted 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 purchasing an additional 521 shares during the period. US Bancorp DE boosted its position in Centrus Energy by 8,445.8% during the 1st quarter. US Bancorp DE now owns 2,051 shares of the company's stock worth $128,000 after purchasing an additional 2,027 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new stake in Centrus Energy during the 4th quarter worth $228,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. B. Riley reaffirmed a "buy" rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. Northland Securities set a $275.00 price target on shares of Centrus Energy in a research report on Thursday, August 7th. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. upped their price objective on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Bank of America reissued a "neutral" rating and issued a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Price Performance

Shares of Centrus Energy stock traded up $3.23 on Wednesday, hitting $207.12. The company had a trading volume of 215,071 shares, compared to its average volume of 1,056,820. The business has a 50-day simple moving average of $203.15 and a 200-day simple moving average of $132.74. 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 company has a market cap of $3.77 billion, a PE ratio of 47.06 and a beta of 1.53. Centrus Energy Corp. has a 52 week low of $34.91 and a 52 week high of $264.90.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, topping 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 firm's revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 earnings per share. Research analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

About Centrus Energy

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.