Meros Investment Management LP Invests $960,000 in Centrus Energy Corp. (NYSE:LEU)

Meros Investment Management LP bought a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,413 shares of the company's stock, valued at approximately $960,000. Meros Investment Management LP owned 0.09% of Centrus Energy at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Centrus Energy by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock worth $345,000 after acquiring an additional 186 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Old West Investment Management LLC increased its holdings in shares of Centrus Energy by 1.9% in the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock worth $676,000 after acquiring an additional 192 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Centrus Energy by 16.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after acquiring an additional 195 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Centrus Energy in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 49.96% of the company's stock.

Centrus Energy Stock Down 0.6%

LEU stock traded down $0.61 during mid-day trading on Thursday, reaching $96.31. The company had a trading volume of 626,091 shares, compared to its average volume of 707,581. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The stock has a 50 day simple moving average of $70.99 and a two-hundred day simple moving average of $79.34. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 21.84 and a beta of 1.14. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The business's quarterly revenue was up 67.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.38) earnings per share. As a group, equities analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Centrus Energy

In other news, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LEU shares. Evercore ISI started coverage on Centrus Energy in a report on Wednesday. They issued an "outperform" rating and a $145.00 price target for the company. StockNews.com upgraded Centrus Energy to a "sell" rating in a report on Monday, February 10th. Craig Hallum initiated coverage on Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective for the company. Citigroup initiated coverage on Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective for the company. Finally, HC Wainwright initiated coverage on Centrus Energy in a report on Tuesday, February 25th. They set a "buy" rating and a $300.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $143.67.

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.