Centrus Energy Corp. $LEU Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in shares of Centrus Energy Corp. (NYSE:LEU) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,236 shares of the company’s stock after buying an additional 787 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Centrus Energy were worth $1,271,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in shares of Centrus Energy in the 1st quarter valued at approximately $28,000. Comerica Bank raised its holdings in shares of Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares during the last quarter. KBC Group NV acquired a new position in shares of Centrus Energy in the first quarter worth $53,000. Cape Investment Advisory Inc. increased its stake in Centrus Energy by 125.0% in the first quarter. Cape Investment Advisory Inc. now owns 900 shares of the company’s stock valued at $56,000 after purchasing an additional 500 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Centrus Energy by 69.5% in the first quarter. Parallel Advisors LLC now owns 1,271 shares of the company’s stock valued at $79,000 after purchasing an additional 521 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Price Performance

NYSE LEU opened at $310.07 on Wednesday. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $338.00. The stock’s 50-day moving average is $226.31 and its two-hundred day moving average is $155.76. 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 firm has a market cap of $5.65 billion, a P/E ratio of 70.31 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last posted its 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 last year, the company earned $1.89 EPS. The company’s quarterly revenue was down 18.3% compared to the same quarter last year. On average, analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LEU. Northland Capmk raised Centrus Energy to a “strong-buy” rating in a research report on Monday, July 7th. B. Riley reiterated a “buy” rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. UBS Group upgraded Centrus Energy to a “hold” rating and set a $215.00 target price on the stock in a research report on Monday, July 21st. HC Wainwright reiterated a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. Finally, Stifel Nicolaus began coverage on Centrus Energy in a research report on Friday, July 11th. They set a “buy” rating and a $220.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Centrus Energy has a consensus rating of “Moderate Buy” and an average target price of $202.09.

About Centrus Energy

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.