Csenge Advisory Group Makes New $969,000 Investment in Centrus Energy Corp. $LEU

Csenge Advisory Group purchased a new stake in Centrus Energy Corp. (NYSE:LEU) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,124 shares of the company’s stock, valued at approximately $969,000.

Several other hedge funds also recently made changes to their positions in the business. Stephens Inc. AR bought a new stake in shares of Centrus Energy in the 3rd quarter worth approximately $996,000. Moseley Investment Management Inc. increased its holdings in shares of Centrus Energy by 19.4% in the third quarter. Moseley Investment Management Inc. now owns 2,615 shares of the company’s stock valued at $811,000 after buying an additional 425 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Centrus Energy during the 3rd quarter valued at $5,427,000. MGO One Seven LLC bought a new stake in shares of Centrus Energy during the 3rd quarter worth $202,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Centrus Energy in the 3rd quarter worth $221,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Trading Up 8.2%

Centrus Energy stock opened at $331.26 on Monday. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23. The stock has a market cap of $6.03 billion, a P/E ratio of 50.34 and a beta of 1.24. The company’s fifty day simple moving average is $266.15 and its 200-day simple moving average is $264.98.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data 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 return on equity of 37.14% and a net margin of 25.04%.During the same period in the previous year, the business earned ($0.30) EPS. Centrus Energy’s revenue for the quarter was up 29.8% on a year-over-year basis. 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

Several equities research analysts have recently commented on the company. B. Riley upped their target price on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a research report on Monday, December 22nd. William Blair restated an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. Finally, Northland Securities set a $325.00 price objective on shares of Centrus Energy in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.33.

Centrus Energy Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.