Portland Investment Counsel Inc. Has $622,000 Position in Centrus Energy Corp. $LEU

Key Points

• Portland Investment Counsel Inc. increased its stake in Centrus Energy Corp. by 25%, acquiring an additional 2,000 shares to own a total of 10,000 shares worth approximately $622,000.
• Other institutional investors have also significantly increased their holdings in Centrus Energy, with GAMMA Investing LLC growing its position by an extraordinary 8,075% in the first quarter.
• Centrus Energy reported earnings of $1.59 per share, exceeding analysts' estimates, although its revenue was down 18.3% compared to the same quarter last year.

Portland Investment Counsel Inc. boosted its holdings in Centrus Energy Corp. (NYSE:LEU - Free Report) by 25.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 10,000 shares of the company's stock after buying an additional 2,000 shares during the period. Portland Investment Counsel Inc. owned 0.06% of Centrus Energy worth $622,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LEU. Quantbot Technologies LP acquired a new stake in shares of Centrus Energy during the first quarter worth $343,000. Wellington Management Group LLP raised its stake in Centrus Energy by 4.9% during the 1st quarter. Wellington Management Group LLP now owns 54,724 shares of the company's stock worth $3,404,000 after acquiring an additional 2,574 shares in the last quarter. Algert Global LLC acquired a new position in Centrus Energy in the first quarter valued at $373,000. Raymond James Financial Inc. grew its position in Centrus Energy by 944.9% during the first quarter. Raymond James Financial Inc. now owns 58,057 shares of the company's stock worth $3,612,000 after buying an additional 52,501 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Centrus Energy by 78.3% in the first quarter. American Century Companies Inc. now owns 42,369 shares of the company's stock valued at $2,636,000 after purchasing an additional 18,601 shares during the last quarter. Institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

LEU stock traded down $7.72 during trading on Wednesday, reaching $200.96. The stock had a trading volume of 711,876 shares, compared to its average volume of 1,053,530. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 52 week low of $34.91 and a 52 week high of $264.90. The stock's 50 day moving average is $201.58 and its two-hundred day moving average is $129.71. The firm has a market cap of $3.66 billion, a PE ratio of 45.58 and a beta of 1.35.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) 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 last year, the business posted $1.89 earnings per share. Centrus Energy's quarterly revenue was down 18.3% compared to the same quarter last year. As a group, equities analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insider Transactions at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total value of $217,728.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price objective for the company in a research report on Monday, July 21st. Northland Capmk upgraded shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. William Blair reaffirmed an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Stifel Nicolaus started coverage on shares of Centrus Energy in a research report on Friday, July 11th. They issued a "buy" rating and a $220.00 target price for the company. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Centrus Energy in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $202.09.

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.