Hudson Bay Capital Management LP Makes New Investment in Centrus Energy Corp. $LEU

Hudson Bay Capital Management LP purchased a new position in Centrus Energy Corp. (NYSE:LEU) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,522 shares of the company’s stock, valued at approximately $1,092,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Comerica Bank increased its position in Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Centrus Energy by 57.6% in the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after purchasing an additional 6,312 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Centrus Energy by 45.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock worth $3,379,000 after buying an additional 17,014 shares during the period. Envestnet Asset Management Inc. boosted its position in Centrus Energy by 54.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,000 shares of the company’s stock worth $916,000 after purchasing an additional 1,762 shares during the period. Finally, Geode Capital Management LLC lifted its position in Centrus Energy by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 346,860 shares of the company’s stock worth $63,545,000 after acquiring an additional 8,339 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Northland Securities set a $285.00 target price on Centrus Energy in a research note on Thursday, February 12th. UBS Group lowered their target price on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. Zacks Research cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $258.83.

Centrus Energy Stock Performance

Shares of LEU opened at $186.86 on Monday. The company has a 50-day moving average of $242.84 and a two-hundred day moving average of $274.02. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 44.81 and a beta of 1.26. 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 one year low of $49.40 and a one year high of $464.25.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results 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 firm had revenue of $146.20 million during the quarter, compared to analysts’ expectations of $145.40 million. The business’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Centrus Energy Company 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.