Swiss National Bank Increases Position in Centrus Energy Corp. $LEU

Key Points

• The Swiss National Bank increased its position in Centrus Energy Corp. by 10.1% during the first quarter, now owning 30,400 shares valued at approximately $1.89 million.
• Centrus Energy reported earnings of $1.59 per share for the last quarter, exceeding analysts' expectations of $0.58 despite a 18.3% decline in revenue year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Centrus Energy with an average price target of $202.09, reflecting positive outlook among investors.

Swiss National Bank boosted its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,400 shares of the company's stock after purchasing an additional 2,800 shares during the period. Swiss National Bank owned approximately 0.18% of Centrus Energy worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in LEU. State of Wyoming bought a new stake in Centrus Energy in the fourth quarter worth about $33,000. KBC Group NV bought a new stake in shares of Centrus Energy during the first quarter valued at approximately $53,000. Parallel Advisors LLC raised its stake in shares of Centrus Energy by 69.5% during the first quarter. Parallel Advisors LLC now owns 1,271 shares of the company's stock valued at $79,000 after acquiring an additional 521 shares in the last quarter. US Bancorp DE raised its stake in shares of Centrus Energy by 8,445.8% during the first quarter. US Bancorp DE now owns 2,051 shares of the company's stock valued at $128,000 after acquiring an additional 2,027 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $228,000. Institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Down 5.3%

NYSE LEU traded down $11.20 on Friday, hitting $198.18. The stock had a trading volume of 430,619 shares, compared to its average volume of 1,055,781. The business's fifty day moving average price is $202.50 and its 200 day moving average price is $130.84. 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 Corp. has a 52-week low of $34.91 and a 52-week high of $264.90. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 44.91 and a beta of 1.35.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly 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 net margin of 16.56% and a return on equity of 84.09%. During the same period last year, the company earned $1.89 EPS. The firm's quarterly revenue was down 18.3% compared to the same quarter last year. Equities research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LEU. UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price target for the company in a research note on Monday, July 21st. Northland Securities set a $275.00 price target on shares of Centrus Energy in a research note on Thursday, August 7th. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. B. Riley reaffirmed a "buy" rating and set a $221.00 price target (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. Finally, Evercore ISI lifted their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently 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.