Raymond James Financial Inc. Acquires 52,501 Shares of Centrus Energy Corp. $LEU

Key Points

• Raymond James Financial Inc. increased its stake in Centrus Energy Corp. by 944.9%, acquiring an additional 52,501 shares during the first quarter, bringing their total to 58,057 shares valued at approximately $3.61 million.
• Centrus Energy reported $1.59 earnings per share (EPS) for the last quarter, outperforming expectations by $1.01, despite a year-over-year revenue decline of 18.3%.
• The stock has recently been upgraded by multiple analysts, with target prices ranging up to $300, and the average rating currently stands at a "Moderate Buy".

Raymond James Financial Inc. raised its holdings in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 944.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,057 shares of the company's stock after purchasing an additional 52,501 shares during the period. Raymond James Financial Inc. owned 0.35% of Centrus Energy worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LEU. Voloridge Investment Management LLC lifted its position in Centrus Energy by 1,300.5% during the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock valued at $15,664,000 after purchasing an additional 218,364 shares during the period. Driehaus Capital Management LLC acquired a new position in Centrus Energy during the 4th quarter valued at about $10,367,000. Two Sigma Investments LP lifted its position in Centrus Energy by 941.6% during the 4th quarter. Two Sigma Investments LP now owns 79,872 shares of the company's stock valued at $5,320,000 after purchasing an additional 72,204 shares during the period. Two Sigma Advisers LP acquired a new position in Centrus Energy during the 4th quarter valued at about $4,703,000. Finally, Point72 Asset Management L.P. raised its position in shares of Centrus Energy by 107.2% in the 4th quarter. Point72 Asset Management L.P. now owns 128,535 shares of the company's stock valued at $8,562,000 after acquiring an additional 66,512 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Stock Up 2.3%

NYSE LEU traded up $5.02 during trading hours on Thursday, reaching $224.32. 1,180,962 shares of the company's stock were exchanged, compared to its average volume of 1,059,599. The company's 50-day moving average is $208.00 and its two-hundred day moving average is $137.68. Centrus Energy Corp. has a one year low of $38.77 and a one year high of $264.90. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 50.87 and a beta of 1.53.

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 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%.During the same quarter in the previous year, the business posted $1.89 earnings per share. The company's revenue for the quarter was down 18.3% compared to the same quarter last year. On average, analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LEU. 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. JPMorgan Chase & Co. increased their price target on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. HC Wainwright reiterated a "buy" rating and issued a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. William Blair reiterated an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Finally, 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. One 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. Based on data from MarketBeat.com, Centrus Energy has a consensus rating of "Moderate Buy" and an average 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.