Old West Investment Management LLC Sells 4,105 Shares of Centrus Energy Corp. $LEU

Key Points

• Old West Investment Management LLC has reduced its stake in Centrus Energy Corp. by 40.5%, now holding 6,042 shares valued at approximately $376,000.
• Institutional investors collectively own 49.96% of Centrus Energy, with firms like Invesco Ltd. increasing their stake by 509.3%.
• Several analysts have issued a Moderate Buy consensus rating for Centrus Energy, with target prices ranging from $202.09 to $275.00.

Old West Investment Management LLC trimmed its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 40.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,042 shares of the company's stock after selling 4,105 shares during the quarter. Old West Investment Management LLC's holdings in Centrus Energy were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LEU. Nuveen Asset Management LLC raised its position in shares of Centrus Energy by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after buying an additional 188 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Centrus Energy by 4.6% in the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock valued at $280,000 after purchasing an additional 200 shares in the last quarter. HighTower Advisors LLC boosted its stake in Centrus Energy by 4.8% during the first quarter. HighTower Advisors LLC now owns 5,055 shares of the company's stock worth $314,000 after buying an additional 231 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Centrus Energy by 3.0% during the first quarter. SeaCrest Wealth Management LLC now owns 12,068 shares of the company's stock worth $751,000 after buying an additional 353 shares during the period. Finally, Arizona State Retirement System boosted its stake in Centrus Energy by 10.6% during the first quarter. Arizona State Retirement System now owns 4,496 shares of the company's stock worth $280,000 after buying an additional 432 shares during the period. Institutional investors own 49.96% of the company's stock.

Centrus Energy Trading Down 3.7%

Shares of LEU traded down $7.65 during trading hours on Friday, reaching $201.73. 1,433,952 shares of the company traded hands, compared to its average volume of 1,062,935. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 45.74 and a beta of 1.35. Centrus Energy Corp. has a 12-month low of $34.91 and a 12-month high of $264.90. 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 stock's fifty day moving average price is $202.73 and its 200 day moving average price is $131.53.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating 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%. Centrus Energy's revenue was down 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. Sell-side analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. Evercore ISI lifted their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Stifel Nicolaus assumed coverage on shares of Centrus Energy in a research note on Friday, July 11th. They set a "buy" rating and a $220.00 price objective for the company. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a research note on Thursday, August 7th. Finally, B. Riley reaffirmed 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of "Moderate Buy" and a consensus price target 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.