Millennium Management LLC Has $1.78 Million Holdings in Centrus Energy Corp. (NYSE:LEU)

Millennium Management LLC cut its holdings in Centrus Energy Corp. (NYSE:LEU) by 58.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,655 shares of the company’s stock after selling 38,036 shares during the period. Millennium Management LLC owned approximately 0.16% of Centrus Energy worth $1,775,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Centrus Energy by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 979,976 shares of the company’s stock worth $65,276,000 after buying an additional 13,764 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Centrus Energy in the 4th quarter worth approximately $1,732,000. Janus Henderson Group PLC lifted its holdings in Centrus Energy by 41.8% in the 4th quarter. Janus Henderson Group PLC now owns 6,450 shares of the company’s stock worth $428,000 after purchasing an additional 1,900 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Centrus Energy during the fourth quarter worth approximately $591,000. Finally, Deutsche Bank AG grew its holdings in Centrus Energy by 70.8% during the fourth quarter. Deutsche Bank AG now owns 14,385 shares of the company’s stock valued at $958,000 after purchasing an additional 5,963 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Centrus Energy Stock Down 1.8%

Shares of LEU opened at $124.58 on Tuesday. 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 company has a 50-day simple moving average of $79.77 and a 200-day simple moving average of $80.99. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $136.00. The firm has a market capitalization of $2.09 billion, a P/E ratio of 28.25 and a beta of 1.14.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The firm’s quarterly revenue was up 67.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.38) EPS. On average, equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LEU. Citigroup began coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Evercore ISI started coverage on shares of Centrus Energy in a research report on Wednesday, May 14th. They set an “outperform” rating and a $145.00 target price for the company. HC Wainwright began coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target for the company. Wall Street Zen upgraded Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Finally, William Blair began coverage on Centrus Energy in a research report on Wednesday, May 28th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.