Raymond James Financial Inc. Invests $370,000 in Centrus Energy Corp. (NYSE:LEU)

Raymond James Financial Inc. purchased a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,556 shares of the company's stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in shares of Centrus Energy in the fourth quarter valued at about $3,474,000. Barclays PLC raised its stake in shares of Centrus Energy by 103.8% in the third quarter. Barclays PLC now owns 37,588 shares of the company's stock worth $2,061,000 after acquiring an additional 19,140 shares during the last quarter. Legacy Bridge LLC acquired a new position in shares of Centrus Energy during the fourth quarter worth approximately $657,000. Exchange Traded Concepts LLC grew its stake in shares of Centrus Energy by 290.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock valued at $4,732,000 after purchasing an additional 52,866 shares during the last quarter. Finally, TB Alternative Assets Ltd. bought a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $7,907,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Trading Down 1.7%

Shares of Centrus Energy stock traded down $1.62 during trading on Thursday, reaching $95.30. 302,417 shares of the company were exchanged, compared to its average volume of 704,469. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.57 and a beta of 1.14. Centrus Energy Corp. has a twelve month low of $33.51 and a twelve month high of $122.95. The business has a 50-day moving average price of $70.54 and a 200-day moving average price of $79.32. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

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

Wall Street Analysts Forecast Growth

LEU has been the topic of several research reports. Evercore ISI started coverage on Centrus Energy in a report on Wednesday. They set an "outperform" rating and a $145.00 price objective on the stock. Citigroup began coverage on Centrus Energy in a research note on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target on the stock. StockNews.com upgraded Centrus Energy to a "sell" rating in a research report on Monday, February 10th. HC Wainwright began 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. Finally, Craig Hallum initiated coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $143.67.

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.