Prairiewood Capital LLC Purchases New Stake in Centrus Energy Corp. $LEU

Key Points

• Prairiewood Capital LLC acquired a new stake in Centrus Energy Corp. during the 2nd quarter, purchasing 1,100 shares valued at around $201,000.
• Despite a recent earnings report beating estimates with $1.59 earnings per share, Centrus Energy's quarterly revenue fell by 18.3% year-over-year.
• Wall Street analysts have differing views on Centrus Energy, with target prices ranging from $202.09 to $285.00, indicating a mix of buy and hold ratings.

Prairiewood Capital LLC purchased a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,100 shares of the company's stock, valued at approximately $201,000.

Several other hedge funds have also recently bought and sold shares of LEU. Cetera Investment Advisers acquired a new stake in Centrus Energy in the fourth quarter valued at approximately $236,000. Nuveen Asset Management LLC increased its stake in shares of Centrus Energy by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock worth $1,947,000 after buying an additional 188 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Centrus Energy in the fourth quarter worth $272,000. State of Wyoming bought a new stake in Centrus Energy during the fourth quarter valued at $33,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Centrus Energy by 16.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,301 shares of the company's stock valued at $2,485,000 after purchasing an additional 5,179 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Down 2.2%

Shares of LEU stock opened at $305.35 on Friday. 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 stock has a fifty day moving average price of $222.59 and a 200 day moving average price of $151.90. Centrus Energy Corp. has a one year low of $49.40 and a one year high of $338.00. The stock has a market cap of $5.56 billion, a P/E ratio of 69.24 and a beta of 1.53.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.The business's quarterly revenue was down 18.3% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. Analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on LEU. B. Riley reiterated a "buy" rating and set a $221.00 target price (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. Northland Capmk upgraded shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. Evercore ISI boosted their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. UBS Group upgraded shares of Centrus Energy to a "hold" rating and set a $215.00 price target on the stock in a research report on Monday, July 21st. Finally, Bank of America reiterated a "neutral" rating and issued a $285.00 price target (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. One 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. According to data from MarketBeat.com, Centrus Energy presently has an average rating of "Moderate Buy" and an average 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.

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