Centrus Energy Corp. $LEU Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in Centrus Energy Corp. (NYSE:LEU) by 61.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,006 shares of the company’s stock after acquiring an additional 5,713 shares during the period. Allspring Global Investments Holdings LLC owned 0.08% of Centrus Energy worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vermillion Wealth Management Inc. boosted its stake in shares of Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Centrus Energy during the third quarter valued at $34,000. IFP Advisors Inc lifted its holdings in shares of Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after purchasing an additional 41 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Centrus Energy in the 4th quarter valued at $36,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Centrus Energy in the 4th quarter valued at $39,000. 49.96% of the stock is currently owned by institutional investors.

Insider Activity at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Centrus Energy Trading Down 3.9%

Shares of LEU stock opened at $164.18 on Friday. Centrus Energy Corp. has a 12 month low of $142.13 and a 12 month high of $464.25. The company has a market cap of $3.23 billion, a PE ratio of 54.36, a price-to-earnings-growth ratio of 20.30 and a beta of 1.35. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $170.74 and its two-hundred day moving average is $207.39.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. During the same period in the previous year, the company earned $1.60 earnings per share. Centrus Energy’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts predict that Centrus Energy Corp. will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LEU. Citigroup dropped their target price on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. B. Riley Financial cut their target price on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Roth Capital reduced their target price on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

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.