Ellerson Group Inc. ADV Takes $3.50 Million Position in Centrus Energy Corp. $LEU

Ellerson Group Inc. ADV bought a new position in Centrus Energy Corp. (NYSE:LEU) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 11,290 shares of the company’s stock, valued at approximately $3,501,000. Centrus Energy accounts for about 2.2% of Ellerson Group Inc. ADV’s investment portfolio, making the stock its 17th biggest holding. Ellerson Group Inc. ADV owned approximately 0.06% of Centrus Energy at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position 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 buying an additional 112 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after buying an additional 189 shares during the period. Rothschild Investment LLC lifted its position in shares of Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after buying an additional 45 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Centrus Energy during the 3rd quarter valued at about $41,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $41,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LEU has been the topic of several analyst reports. Roth Mkm reaffirmed a “neutral” rating and set a $137.00 price target on shares of Centrus Energy in a report on Wednesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Evercore reaffirmed an “outperform” rating and issued a $390.00 target price on shares of Centrus Energy in a report on Monday, January 5th. Northland Securities set a $285.00 price target on Centrus Energy in a research note on Thursday, February 12th. Finally, Citigroup lowered their price objective on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and a consensus price target of $263.00.

Centrus Energy Stock Performance

Shares of NYSE LEU opened at $203.87 on Friday. The company has a market cap of $3.71 billion, a P/E ratio of 48.89 and a beta of 1.21. Centrus Energy Corp. has a 52-week low of $49.40 and a 52-week high of $464.25. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59. The firm’s fifty day moving average is $266.46 and its two-hundred day moving average is $272.87.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The company had revenue of $146.20 million for the quarter, compared to the consensus estimate of $145.40 million. Centrus Energy’s revenue was down 3.6% on a year-over-year basis. As a group, analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

About Centrus Energy

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.