Swiss National Bank Raises Position in Centrus Energy Corp. $LEU

Swiss National Bank grew its position in Centrus Energy Corp. (NYSE:LEU) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,400 shares of the company’s stock after acquiring an additional 2,800 shares during the period. Swiss National Bank owned about 0.18% of Centrus Energy worth $1,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Centrus Energy in the first quarter valued at about $376,000. US Bancorp DE boosted its holdings in shares of Centrus Energy by 8,445.8% in the first quarter. US Bancorp DE now owns 2,051 shares of the company’s stock valued at $128,000 after acquiring an additional 2,027 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Centrus Energy in the first quarter valued at about $365,000. Cetera Investment Advisers boosted its holdings in shares of Centrus Energy by 82.4% in the first quarter. Cetera Investment Advisers now owns 6,455 shares of the company’s stock valued at $402,000 after acquiring an additional 2,916 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in Centrus Energy by 13.4% during the first quarter. Royce & Associates LP now owns 6,804 shares of the company’s stock worth $423,000 after buying an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Performance

Shares of LEU opened at $186.47 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The stock has a market cap of $3.40 billion, a P/E ratio of 42.28 and a beta of 1.35. The company has a 50-day moving average of $200.56 and a two-hundred day moving average of $128.30. Centrus Energy Corp. has a 12-month low of $34.91 and a 12-month high of $264.90.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. 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 report on Monday, June 23rd. William Blair reissued an “outperform” rating on shares of Centrus Energy in a report on Wednesday, July 9th. Stifel Nicolaus assumed coverage on shares of Centrus Energy in a report on Friday, July 11th. They set a “buy” rating and a $220.00 price objective on the stock. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Centrus Energy from $150.00 to $164.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Centrus Energy has a consensus rating of “Moderate Buy” and an average target price of $202.09.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction dated 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 is available at this hyperlink. 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.