Centrus Energy Corp. $LEU Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE significantly increased its holdings in Centrus Energy Corp. by 8,445.8%, acquiring an additional 2,027 shares, bringing its total to 2,051 shares valued at approximately $128,000.
• Centrus Energy's various institutional investors, including KBC Group NV and Parallel Advisors LLC, have made notable contributions, resulting in institutional ownership of nearly 50% of the company's stock.
• Wall Street analysts have varying opinions on Centrus Energy, with target price upgrades from multiple firms, indicating a consensus price target of $202.09 and an overall rating of "Moderate Buy."

US Bancorp DE increased its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 8,445.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,051 shares of the company's stock after buying an additional 2,027 shares during the quarter. US Bancorp DE's holdings in Centrus Energy were worth $128,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in Centrus Energy during the fourth quarter worth approximately $33,000. KBC Group NV purchased a new position in Centrus Energy during the first quarter worth approximately $53,000. Parallel Advisors LLC lifted its position in Centrus Energy by 69.5% during the first quarter. Parallel Advisors LLC now owns 1,271 shares of the company's stock worth $79,000 after buying an additional 521 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after buying an additional 195 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in Centrus Energy during the fourth quarter worth approximately $228,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Insider Buying and Selling at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Centrus Energy Trading Up 0.7%

Shares of NYSE LEU traded up $1.29 during trading on Thursday, reaching $177.28. The stock had a trading volume of 828,614 shares, compared to its average volume of 1,043,322. Centrus Energy Corp. has a fifty-two week low of $34.91 and a fifty-two week 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 business's 50-day moving average price is $200.08 and its 200-day moving average price is $127.27. The company has a market cap of $3.23 billion, a P/E ratio of 40.20 and a beta of 1.35.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data 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%.During the same period in the previous year, the firm earned $1.89 earnings per share. Centrus Energy's revenue was down 18.3% on a year-over-year basis. On average, equities research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LEU shares. Stifel Nicolaus started coverage on Centrus Energy in a research report on Friday, July 11th. They set a "buy" rating and a $220.00 price objective on the stock. William Blair restated an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Northland Securities set a $275.00 target price on Centrus Energy in a research report on Thursday, August 7th. Bank of America restated a "neutral" rating and issued a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Finally, UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 target price on the stock in a research report on Monday, July 21st. One investment 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. Based on data from MarketBeat, Centrus Energy currently has a consensus 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.