Allianz SE Has $399,000 Stock Holdings in Centrus Energy Corp. $LEU

Allianz SE trimmed its position in Centrus Energy Corp. (NYSE:LEU) by 25.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,180 shares of the company’s stock after selling 739 shares during the period. Allianz SE’s holdings in Centrus Energy were worth $399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LEU. 360 Financial Inc. bought a new position in shares of Centrus Energy in the 2nd quarter worth $220,000. Baader Bank Aktiengesellschaft acquired a new position in Centrus Energy during the second quarter worth $1,302,000. GC Wealth Management RIA LLC acquired a new position in Centrus Energy during the second quarter worth $1,099,000. Clear Creek Financial Management LLC bought a new position in shares of Centrus Energy in the second quarter valued at $227,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Centrus Energy during the first quarter valued at about $625,000. Institutional investors own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LEU shares. HC Wainwright reaffirmed a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. Northland Securities set a $275.00 target price on Centrus Energy in a report on Thursday, August 7th. UBS Group upgraded Centrus Energy to a “hold” rating and set a $215.00 price target for the company in a report on Monday, July 21st. Evercore ISI increased their price target on Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Bank of America reaffirmed a “neutral” rating and set a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $224.60.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $253.85 on Friday. The company has a market capitalization of $4.62 billion, a P/E ratio of 57.56 and a beta of 1.56. The company’s 50-day moving average is $318.21 and its 200 day moving average is $219.00. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25.

Centrus Energy (NYSE:LEU) last released its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. Centrus Energy’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. On average, equities research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share 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.