Centrus Energy Corp. $LEU Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 26.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,300 shares of the company’s stock after purchasing an additional 700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Centrus Energy were worth $604,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in Centrus Energy during the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC grew its position in Centrus Energy by 2,084.6% in the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock valued at $52,000 after acquiring an additional 271 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Centrus Energy in the first quarter valued at approximately $28,000. Comerica Bank grew its position in Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after acquiring an additional 560 shares in the last quarter. Finally, KBC Group NV acquired a new stake in Centrus Energy in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

LEU has been the subject of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Stifel Nicolaus initiated coverage on shares of Centrus Energy in a research report on Friday, July 11th. They issued a “buy” rating and a $220.00 price objective for the company. UBS Group raised shares of Centrus Energy to a “hold” rating and set a $215.00 price objective for the company in a research report on Monday, July 21st. HC Wainwright reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a research report on Tuesday, August 26th. Finally, B. Riley reaffirmed a “buy” rating and issued a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.09.

Centrus Energy Stock Performance

Shares of LEU opened at $380.18 on Friday. The business’s fifty day moving average price is $265.06 and its 200 day moving average price is $182.41. Centrus Energy Corp. has a 12-month low of $49.40 and a 12-month high of $464.25. The stock has a market capitalization of $6.92 billion, a PE ratio of 86.21 and a beta of 1.51. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, topping 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 previous year, the firm earned $1.89 EPS. Centrus Energy’s revenue for the quarter was down 18.3% on a year-over-year basis. Equities research analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current year.

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.