Allianz SE Raises Holdings in Centrus Energy Corp. $LEU

Allianz SE boosted its position in Centrus Energy Corp. (NYSE:LEU) by 423.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,404 shares of the company’s stock after acquiring an additional 9,224 shares during the quarter. Allianz SE owned 0.06% of Centrus Energy worth $3,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LEU. Nisa Investment Advisors LLC lifted its stake in shares of Centrus Energy by 157.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after purchasing an additional 112 shares in the last quarter. Rothschild Investment LLC raised its holdings in Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the period. Mather Group LLC. acquired a new position in Centrus Energy during the third quarter valued at approximately $41,000. Atlantic Union Bankshares Corp purchased a new stake in Centrus Energy during the third quarter worth approximately $41,000. Finally, Comerica Bank increased its position in shares of Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on LEU. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. Citigroup reduced their target price on shares of Centrus Energy from $292.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Stifel Nicolaus set a $246.00 price target on shares of Centrus Energy in a report on Thursday, February 12th. Roth Mkm reaffirmed a “neutral” rating and set a $137.00 price target on shares of Centrus Energy in a research note on Wednesday, February 11th. Finally, Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $263.00.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $202.34 on Friday. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 48.52 and a beta of 1.21. Centrus Energy Corp. has a twelve month low of $49.40 and a twelve month high of $464.25. The business has a 50 day simple moving average of $263.53 and a 200-day simple moving average of $271.83.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). The business had revenue of $146.20 million during the quarter, compared to analyst estimates of $145.40 million. Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The firm’s revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.