Centrus Energy Corp. $LEU Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 24.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 31,911 shares of the company’s stock after selling 10,171 shares during the period. Baird Financial Group Inc. owned about 0.19% of Centrus Energy worth $5,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in shares of Centrus Energy by 7.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,510 shares of the company’s stock valued at $277,000 after acquiring an additional 111 shares in the last quarter. Nisa Investment Advisors LLC grew its stake 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 worth $34,000 after acquiring an additional 112 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in Centrus Energy by 3.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,294 shares of the company’s stock worth $603,000 after purchasing an additional 119 shares during the last quarter. Atlatl Advisers LLC grew its position in Centrus Energy by 4.2% during the second quarter. Atlatl Advisers LLC now owns 4,015 shares of the company’s stock worth $735,000 after buying an additional 160 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Centrus Energy by 1,181.3% during the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after purchasing an additional 189 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Trading Down 1.7%

Shares of NYSE:LEU opened at $264.03 on Wednesday. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $464.25. The business’s 50 day simple moving average is $316.88 and its 200 day simple moving average is $242.49. 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 company has a market capitalization of $4.81 billion, a P/E ratio of 40.13 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. During the same period in the prior year, the business posted ($0.30) earnings per share. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, research analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.