Quantbot Technologies LP Takes $343,000 Position in Centrus Energy Corp. $LEU

Key Points

• Quantbot Technologies LP has initiated a position in Centrus Energy Corp. by purchasing 5,514 shares valued at approximately $343,000 during the first quarter of the year.
• Other institutional investors have significantly increased their stakes, with GAMMA Investing LLC's holdings growing by 8,075% and 49.96% of the stock now owned by institutional investors.
• Centrus Energy’s latest earnings report showed an EPS of $1.59, beating estimates, but revenue declined by 18.3% year-over-year.

Quantbot Technologies LP bought a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,514 shares of the company's stock, valued at approximately $343,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Centrus Energy by 8,075.0% in the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock valued at $793,000 after acquiring an additional 12,597 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Centrus Energy by 380.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock valued at $401,000 after purchasing an additional 5,108 shares during the period. KBC Group NV bought a new position in Centrus Energy during the first quarter valued at $53,000. Teacher Retirement System of Texas grew its holdings in Centrus Energy by 21.1% during the first quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company's stock valued at $866,000 after purchasing an additional 2,422 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Centrus Energy by 20.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,604 shares of the company's stock valued at $507,000 after purchasing an additional 1,316 shares during the period. 49.96% of the stock is owned by institutional investors.

Centrus Energy Trading Up 12.6%

NYSE:LEU opened at $208.67 on Wednesday. The company has a market cap of $3.80 billion, a P/E ratio of 47.32 and a beta of 1.35. The stock's fifty day moving average price is $201.58 and its two-hundred day moving average price is $129.71. Centrus Energy Corp. has a 1 year low of $34.91 and a 1 year high of $264.90. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

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

Insider Activity

In related news, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total value of $217,728.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on LEU shares. Bank of America reissued a "neutral" rating and set a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Evercore ISI increased their price objective on Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Northland Capmk raised Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, UBS Group raised Centrus Energy to a "hold" rating and set a $215.00 price objective for the company in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently 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.

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