Diamond Hill Capital Management Inc. Has $5.08 Million Stake in Centrus Energy Corp. $LEU

Diamond Hill Capital Management Inc. reduced its position in shares of Centrus Energy Corp. (NYSE:LEU) by 51.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,380 shares of the company’s stock after selling 17,049 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Centrus Energy were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LEU. Nisa Investment Advisors LLC increased its position in Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after buying an additional 112 shares during the period. Harbour Investments Inc. grew its stake in shares of Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after acquiring an additional 189 shares in the last quarter. Comerica Bank increased its position in Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares during the period. Mather Group LLC. acquired a new stake in Centrus Energy in the 3rd quarter worth about $41,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in Centrus Energy in the 3rd quarter worth about $41,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on LEU. Zacks Research raised shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday. Roth Mkm increased their target price on Centrus Energy from $117.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, UBS Group set a $245.00 price target on Centrus Energy in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Centrus Energy presently has a consensus rating of “Moderate Buy” and an average price target of $253.08.

Centrus Energy Trading Up 9.1%

Shares of LEU opened at $264.21 on Monday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. Centrus Energy Corp. has a 52-week low of $49.40 and a 52-week high of $464.25. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 40.15 and a beta of 1.21. The business’s fifty day moving average is $276.39 and its 200-day moving average is $273.85.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same period in the prior year, the company earned ($0.30) EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal 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.