Wellington Management Group LLP Buys 2,574 Shares of Centrus Energy Corp. $LEU

Key Points

• Wellington Management Group LLP increased its stake in Centrus Energy Corp. by 4.9%, now owning 54,724 shares valued at approximately $3.40 million.
• Analysts have set new price targets for Centrus Energy, with estimates ranging from $164.00 to $285.00, while the stock has an average rating of "Moderate Buy".
• Centrus Energy reported an EPS of $1.59 for the past quarter, significantly exceeding analyst expectations, although its revenue has decreased by 18.3% year-over-year.

Wellington Management Group LLP boosted its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,724 shares of the company's stock after acquiring an additional 2,574 shares during the quarter. Wellington Management Group LLP owned 0.33% of Centrus Energy worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Algert Global LLC bought a new position in shares of Centrus Energy in the first quarter worth approximately $373,000. Raymond James Financial Inc. increased its position in shares of Centrus Energy by 944.9% in the first quarter. Raymond James Financial Inc. now owns 58,057 shares of the company's stock valued at $3,612,000 after acquiring an additional 52,501 shares during the period. American Century Companies Inc. boosted its holdings in shares of Centrus Energy by 78.3% during the first quarter. American Century Companies Inc. now owns 42,369 shares of the company's stock worth $2,636,000 after purchasing an additional 18,601 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Centrus Energy during the first quarter worth about $83,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Centrus Energy during the first quarter worth about $28,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LEU shares. HC Wainwright reissued a "buy" rating and set a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. Stifel Nicolaus began coverage on shares of Centrus Energy in a research report on Friday, July 11th. They set a "buy" rating and a $220.00 price objective on the stock. Bank of America reaffirmed a "neutral" rating and set a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. B. Riley restated a "buy" rating and issued a $221.00 price objective (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Finally, William Blair reiterated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Stock Down 2.3%

Shares of LEU traded down $4.62 on Wednesday, hitting $199.27. 667,958 shares of the stock traded hands, compared to its average volume of 1,059,808. The company has a market capitalization of $3.63 billion, a PE ratio of 45.16 and a beta of 1.53. Centrus Energy Corp. has a one year low of $34.91 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 business has a 50 day simple moving average of $203.15 and a 200 day simple moving average of $132.74.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 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%.Centrus Energy's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. As a group, equities analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Centrus Energy 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.