Allspring Global Investments Holdings LLC Makes New $786,000 Investment in Centrus Energy Corp. $LEU

Allspring Global Investments Holdings LLC acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 4,292 shares of the company’s stock, valued at approximately $786,000.

Other large investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in Centrus Energy during the 1st quarter worth approximately $28,000. USA Financial Formulas purchased a new stake in Centrus Energy during the 2nd quarter worth approximately $35,000. Comerica Bank increased its stake in Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after buying an additional 560 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Centrus Energy by 2,084.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock worth $52,000 after buying an additional 271 shares in the last quarter. Finally, KBC Group NV purchased a new stake in Centrus Energy during the 1st quarter worth approximately $53,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LEU has been the subject of a number of analyst reports. UBS Group upgraded Centrus Energy to a “hold” rating and set a $215.00 price target for the company in a research report on Monday, July 21st. HC Wainwright restated a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. William Blair restated an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Northland Capmk upgraded Centrus Energy to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Northland Securities set a $275.00 price target on Centrus Energy in a research report on Thursday, August 7th. One research 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. According to MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and an average target price of $202.09.

Centrus Energy Price Performance

LEU stock opened at $344.23 on Friday. The business has a fifty day moving average of $277.52 and a two-hundred day moving average of $190.70. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 78.06 and a beta of 1.51. Centrus Energy Corp. has a 52-week low of $49.40 and a 52-week high of $464.25.

Centrus Energy (NYSE:LEU) last posted its earnings results 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 business earned $1.89 earnings per share. The business’s revenue was down 18.3% compared to the same quarter last year. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current 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.