Point72 Asset Management L.P. Grows Stock Holdings in Centrus Energy Corp. (NYSE:LEU)

Point72 Asset Management L.P. increased its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 107.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,535 shares of the company's stock after acquiring an additional 66,512 shares during the period. Point72 Asset Management L.P. owned approximately 0.78% of Centrus Energy worth $8,562,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LEU. Barclays PLC raised its stake in shares of Centrus Energy by 103.8% in the third quarter. Barclays PLC now owns 37,588 shares of the company's stock valued at $2,061,000 after acquiring an additional 19,140 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Centrus Energy by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock valued at $345,000 after acquiring an additional 186 shares in the last quarter. Hanseatic Management Services Inc. acquired a new stake in shares of Centrus Energy in the fourth quarter valued at $422,000. TB Alternative Assets Ltd. acquired a new stake in shares of Centrus Energy in the fourth quarter valued at $7,907,000. Finally, SG Americas Securities LLC raised its stake in Centrus Energy by 39.8% in the fourth quarter. SG Americas Securities LLC now owns 7,174 shares of the company's stock valued at $478,000 after buying an additional 2,043 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

Shares of LEU stock traded up $20.12 during mid-day trading on Friday, hitting $113.29. 4,256,388 shares of the stock were exchanged, compared to its average volume of 729,106. The stock's fifty day simple moving average is $73.79 and its two-hundred day simple moving average is $79.38. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 25.69 and a beta of 1.14. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $122.95. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The business's quarterly revenue was up 67.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.38) EPS. On average, analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In related news, SVP John M. A. Donelson sold 3,732 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup assumed coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price target on the stock. Wall Street Zen upgraded Centrus Energy to a "sell" rating in a research note on Monday, February 10th. HC Wainwright assumed coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price target on the stock. Craig Hallum assumed coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target on the stock. Finally, Evercore ISI assumed coverage on Centrus Energy in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $143.67.

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.