Centrus Energy Corp. $LEU Position Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 117.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,293 shares of the company’s stock after acquiring an additional 5,017 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Centrus Energy worth $2,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new stake in shares of Centrus Energy in the 4th quarter valued at approximately $30,000. RiverPark Advisors LLC bought a new stake in shares of Centrus Energy in the 3rd quarter valued at approximately $33,000. Fulcrum Asset Management LLP bought a new stake in shares of Centrus Energy in the 3rd quarter valued at approximately $34,000. Rothschild Investment LLC grew its stake in shares of Centrus Energy by 54.9% in 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. Finally, Mather Group LLC. bought a new stake in shares of Centrus Energy in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Up 9.0%

LEU opened at $189.09 on Thursday. The business has a 50 day moving average price of $210.12 and a 200 day moving average price of $269.58. Centrus Energy Corp. has a twelve month low of $53.79 and a twelve month 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 has a market cap of $3.72 billion, a P/E ratio of 45.35 and a beta of 1.35.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on LEU. Citigroup lowered their price target on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Evercore reissued an “outperform” rating and issued a $390.00 price target on shares of Centrus Energy in a research note on Monday, January 5th. B. Riley Financial boosted their price target on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $357.00 price target on shares of Centrus Energy in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $270.64.

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.