Centrus Energy Corp. $LEU Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers increased its position in shares of Centrus Energy Corp. (NYSE:LEU) by 82.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,455 shares of the company’s stock after buying an additional 2,916 shares during the period. Cetera Investment Advisers’ holdings in Centrus Energy were worth $402,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Centrus Energy by 20.9% in the 4th quarter. JPMorgan Chase & Co. now owns 7,604 shares of the company’s stock valued at $507,000 after purchasing an additional 1,316 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Centrus Energy by 40.1% during the fourth quarter. Wells Fargo & Company MN now owns 9,960 shares of the company’s stock worth $663,000 after purchasing an additional 2,850 shares in the last quarter. Invesco Ltd. increased its holdings in Centrus Energy by 509.3% in the fourth quarter. Invesco Ltd. now owns 25,073 shares of the company’s stock valued at $1,670,000 after buying an additional 20,958 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Centrus Energy in the fourth quarter valued at $370,000. Finally, Summit Investment Advisors Inc. lifted its holdings in Centrus Energy by 16.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company’s stock worth $93,000 after buying an additional 195 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on LEU shares. UBS Group upgraded Centrus Energy to a “hold” rating and set a $215.00 price objective on the stock in a report on Monday, July 21st. Bank of America reaffirmed a “neutral” rating and issued a $285.00 price target (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a report on Thursday, August 7th. William Blair restated an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Finally, Stifel Nicolaus began coverage on shares of Centrus Energy in a research report on Friday, July 11th. They issued a “buy” rating and a $220.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.09.

Centrus Energy Stock Down 3.2%

Shares of NYSE:LEU opened at $177.57 on Tuesday. 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 stock has a market cap of $3.03 billion, a P/E ratio of 40.27 and a beta of 1.35. The firm has a fifty day moving average price of $198.93 and a 200 day moving average price of $125.98.

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

Insider Activity

In other news, CFO Kevin J. Harrill sold 1,728 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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.