US Bancorp DE Purchases 2,027 Shares of Centrus Energy Corp. (NYSE:LEU)

US Bancorp DE boosted its position in Centrus Energy Corp. (NYSE:LEU) by 8,445.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,051 shares of the company’s stock after acquiring an additional 2,027 shares during the period. US Bancorp DE’s holdings in Centrus Energy were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Centrus Energy during the fourth quarter valued at about $33,000. KBC Group NV purchased a new position in shares of Centrus Energy during the first quarter worth about $53,000. Parallel Advisors LLC grew its holdings in shares of Centrus Energy by 69.5% during the first quarter. Parallel Advisors LLC now owns 1,271 shares of the company’s stock worth $79,000 after purchasing an additional 521 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company’s stock worth $93,000 after purchasing an additional 195 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Centrus Energy during the fourth quarter worth about $228,000. 49.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total value of $217,728.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

LEU has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Centrus Energy from $150.00 to $164.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. B. Riley reissued a “buy” rating and set a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. Stifel Nicolaus began coverage on Centrus Energy in a research note on Friday, July 11th. They set a “buy” rating and a $220.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Finally, Northland Securities set a $275.00 price target on Centrus Energy in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.09.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $183.41 on Friday. Centrus Energy Corp. has a 1-year low of $34.91 and a 1-year high of $264.90. 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 business has a fifty day moving average price of $198.30 and a 200-day moving average price of $125.04. The company has a market capitalization of $3.12 billion, a PE ratio of 41.59 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Centrus Energy’s quarterly revenue was down 18.3% compared to the same quarter last year. As a group, equities analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

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.