Heartland Advisors Inc. Sells 62,500 Shares of Centrus Energy Corp. $LEU

Heartland Advisors Inc. cut its stake in Centrus Energy Corp. (NYSE:LEU) by 69.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,500 shares of the company’s stock after selling 62,500 shares during the period. Heartland Advisors Inc. owned approximately 0.15% of Centrus Energy worth $8,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Centrus Energy by 8.8% in the third quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock valued at $332,432,000 after acquiring an additional 86,509 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 8,339 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Centrus Energy by 483.8% during the second quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock worth $45,310,000 after acquiring an additional 204,983 shares during the period. First Trust Advisors LP boosted its stake in Centrus Energy by 193.0% in the 2nd quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock valued at $24,616,000 after purchasing an additional 88,513 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Centrus Energy in the second quarter valued at about $19,142,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

LEU has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $357.00 price target on shares of Centrus Energy in a research report on Monday, December 22nd. Northland Securities set a $285.00 target price on shares of Centrus Energy in a report on Thursday. B. Riley Financial increased their price target on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Stifel Nicolaus set a $246.00 target price on shares of Centrus Energy in a research note on Thursday. Finally, UBS Group set a $245.00 target price on Centrus Energy in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.92.

Centrus Energy Stock Up 7.2%

LEU opened at $198.59 on Tuesday. Centrus Energy Corp. has a twelve month low of $49.40 and a twelve month high of $464.25. The company has a quick ratio of 4.83, a current ratio of 5.59 and a debt-to-equity ratio of 1.54. The company’s 50-day moving average price is $271.13 and its two-hundred day moving average price is $273.48. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 47.62 and a beta of 1.21.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (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 firm had revenue of $146.20 million during the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.