Advisory Alpha LLC Invests $396,000 in Centrus Energy Corp. $LEU

Advisory Alpha LLC bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,160 shares of the company’s stock, valued at approximately $396,000.

A number of other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Centrus Energy by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock worth $62,955,000 after buying an additional 32,002 shares during the last quarter. Granahan Investment Management LLC acquired a new stake in shares of Centrus Energy during the 1st quarter worth about $13,440,000. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Centrus Energy by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 212,362 shares of the company’s stock worth $13,211,000 after buying an additional 4,606 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Centrus Energy by 35.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 73,112 shares of the company’s stock worth $13,393,000 after buying an additional 19,051 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Centrus Energy by 944.9% during the 1st quarter. Raymond James Financial Inc. now owns 58,057 shares of the company’s stock worth $3,612,000 after buying an additional 52,501 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

LEU has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on shares of Centrus Energy in a research note on Friday, July 11th. They set a “buy” rating and a $220.00 target price for the company. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a research note on Thursday, August 7th. Evercore ISI lifted their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Centrus Energy from $150.00 to $164.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Bank of America reiterated a “neutral” rating and issued a $285.00 price objective (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $216.50.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $390.82 on Thursday. The firm has a 50 day moving average of $293.39 and a 200-day moving average of $201.29. The stock has a market capitalization of $7.12 billion, a PE ratio of 88.62 and a beta of 1.51. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. On average, equities research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Centrus Energy Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.