GAMMA Investing LLC Increases Position in Centrus Energy Corp. (NYSE:LEU)

GAMMA Investing LLC boosted its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 8,075.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,753 shares of the company’s stock after acquiring an additional 12,597 shares during the period. GAMMA Investing LLC owned 0.08% of Centrus Energy worth $793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Centrus Energy by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 979,976 shares of the company’s stock valued at $65,276,000 after purchasing an additional 13,764 shares during the period. Vanguard Group Inc. lifted its stake in shares of Centrus Energy by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 967,393 shares of the company’s stock worth $64,438,000 after buying an additional 71,872 shares in the last quarter. Anatole Investment Management Ltd acquired a new stake in shares of Centrus Energy during the fourth quarter valued at about $27,880,000. Geode Capital Management LLC grew its holdings in shares of Centrus Energy by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 325,603 shares of the company’s stock valued at $21,694,000 after purchasing an additional 5,668 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Centrus Energy by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 320,876 shares of the company’s stock valued at $21,375,000 after purchasing an additional 8,539 shares in the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Centrus Energy news, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the firm’s stock in a transaction that occurred on 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. Company insiders own 1.00% of the company’s stock.

Centrus Energy Stock Up 1.8%

NYSE LEU opened at $173.03 on Wednesday. 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 company’s 50 day simple moving average is $97.48 and its 200 day simple moving average is $85.78. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $176.62. The company has a market capitalization of $2.95 billion, a P/E ratio of 39.24 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm earned ($0.38) earnings per share. Centrus Energy’s quarterly revenue was up 67.3% on a year-over-year basis. Equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on LEU. Evercore ISI began coverage on shares of Centrus Energy in a research report on Wednesday, May 14th. They set an “outperform” rating and a $145.00 price objective for the company. Bank of America began coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They issued a “buy” rating and a $160.00 price objective on the stock. William Blair began coverage on shares of Centrus Energy in a research report on Wednesday, May 28th. They set an “outperform” rating on the stock. Craig Hallum assumed coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They set a “buy” rating and a $129.00 target price on the stock. Finally, HC Wainwright assumed coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Centrus Energy has an average rating of “Moderate Buy” and an average price target of $146.00.

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.