Cresset Asset Management LLC Buys New Holdings in Centrus Energy Corp. $LEU

Cresset Asset Management LLC bought a new position in Centrus Energy Corp. (NYSE:LEU) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,918 shares of the company’s stock, valued at approximately $905,000.

A number of other institutional investors have also recently bought and sold shares of the business. Level Four Advisory Services LLC bought a new stake in Centrus Energy in the 3rd quarter valued at $612,000. Victory Capital Management Inc. lifted its holdings in shares of Centrus Energy by 487.0% during the 3rd quarter. Victory Capital Management Inc. now owns 10,936 shares of the company’s stock worth $3,391,000 after acquiring an additional 9,073 shares during the period. Royce & Associates LP boosted its position in shares of Centrus Energy by 232.9% during the 3rd quarter. Royce & Associates LP now owns 19,978 shares of the company’s stock valued at $6,195,000 after acquiring an additional 13,976 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Centrus Energy by 78.8% during the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after acquiring an additional 194,909 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Centrus Energy by 22.0% in the third quarter. Quantbot Technologies LP now owns 2,046 shares of the company’s stock valued at $634,000 after acquiring an additional 369 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Trading Up 2.5%

LEU stock opened at $200.74 on Wednesday. The business has a fifty day moving average price of $255.48 and a 200 day moving average price of $273.73. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.59 and a quick ratio of 4.83. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 48.14 and a beta of 1.26.

Centrus Energy (NYSE:LEU) last posted 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). Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The business had revenue of $146.20 million during the quarter, compared to analyst estimates of $145.40 million. Centrus Energy’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Stifel Nicolaus set a $246.00 price objective on Centrus Energy in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a research note on Monday, December 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a report on Monday, December 22nd. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.83.

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.