Rhumbline Advisers Grows Holdings in Centrus Energy Corp. (NYSE:LEU)

Rhumbline Advisers boosted its holdings in Centrus Energy Corp. (NYSE:LEU) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,870 shares of the company’s stock after purchasing an additional 441 shares during the quarter. Rhumbline Advisers owned about 0.13% of Centrus Energy worth $1,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new stake in Centrus Energy in the 4th quarter valued at $27,000. PNC Financial Services Group Inc. raised its position in Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. State of Wyoming purchased a new position in Centrus Energy during the 4th quarter worth $33,000. Altshuler Shaham Ltd purchased a new position in Centrus Energy during the 4th quarter worth $49,000. Finally, National Bank of Canada FI acquired a new stake in shares of Centrus Energy in the 4th quarter worth $51,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Price Performance

LEU stock opened at $180.96 on Thursday. The firm has a 50 day moving average of $99.65 and a 200-day moving average of $86.39. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 41.03 and a beta of 1.37. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $182.39.

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 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 business’s revenue was up 67.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. As a group, equities analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John M. A. Donelson sold 3,732 shares of the firm’s 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 disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup started coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price target on the stock. Bank of America initiated coverage on Centrus Energy in a report on Wednesday, June 4th. They issued a “buy” rating and a $160.00 price objective on the stock. HC Wainwright began coverage on Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 target price on the stock. William Blair initiated coverage on Centrus Energy in a research note on Wednesday, May 28th. They set an “outperform” rating for the company. Finally, Craig Hallum assumed coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

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.