Cetera Investment Advisers Boosts Stake in Centrus Energy Corp. $LEU

Cetera Investment Advisers raised its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 39.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,987 shares of the company’s stock after acquiring an additional 2,532 shares during the quarter. Cetera Investment Advisers owned approximately 0.05% of Centrus Energy worth $1,646,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Stone House Investment Management LLC bought a new stake in Centrus Energy during the first quarter valued at about $28,000. Nisa Investment Advisors LLC raised its holdings in Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after purchasing an additional 112 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Centrus Energy during the second quarter valued at about $35,000. Harbour Investments Inc. boosted its holdings in shares of Centrus Energy by 1,181.3% in the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after buying an additional 189 shares in the last quarter. Finally, Comerica Bank grew its position in shares of Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after buying an additional 560 shares during the last quarter. 49.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on LEU. UBS Group set a $245.00 price target on shares of Centrus Energy in a report on Tuesday, November 25th. Bank of America restated a “neutral” rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Northland Securities set a $275.00 price target on Centrus Energy in a research note on Thursday, August 7th. HC Wainwright reissued a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a report on Tuesday, August 26th. Finally, Evercore ISI upped their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a report on Friday, August 8th. One investment 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $227.60.

Centrus Energy Stock Up 2.8%

Centrus Energy stock opened at $261.37 on Monday. The business’s 50-day simple moving average is $322.20 and its two-hundred day simple moving average is $234.18. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market cap of $4.76 billion, a PE ratio of 59.27 and a beta of 1.56. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.Centrus Energy’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS. Equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

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.