1832 Asset Management L.P. Buys New Position in Centrus Energy Corp. $LEU

1832 Asset Management L.P. purchased a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,000 shares of the company’s stock, valued at approximately $1,649,000. 1832 Asset Management L.P. owned about 0.05% of Centrus Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after acquiring an additional 112 shares during the period. USA Financial Formulas purchased a new stake in Centrus Energy in the 2nd quarter valued at $35,000. Harbour Investments Inc. boosted its stake in Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after purchasing an additional 189 shares during the period. Farther Finance Advisors LLC boosted 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 purchasing an additional 271 shares during the period. Finally, Stone House Investment Management LLC purchased a new position in Centrus Energy during the 1st quarter worth $28,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Down 4.5%

Shares of LEU stock opened at $266.13 on Friday. Centrus Energy Corp. has a 1-year low of $49.40 and a 1-year high of $464.25. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. The business’s fifty day moving average price is $318.75 and its 200 day moving average price is $239.17. The firm has a market capitalization of $4.85 billion, a PE ratio of 40.44 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last posted its quarterly 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 return on equity of 37.14% and a net margin of 25.04%.The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.30) EPS. As a group, sell-side analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LEU shares. HC Wainwright reaffirmed a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. Needham & Company LLC initiated coverage on Centrus Energy in a research note on Friday. They set a “buy” rating and a $357.00 price objective for the company. UBS Group set a $245.00 price objective on Centrus Energy in a research report on Tuesday, November 25th. Weiss Ratings started coverage on Centrus Energy in a report on Friday. They issued a “hold (c)” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and a consensus price target of $239.36.

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.