Sigma Planning Corp Buys Shares of 2,647 Centrus Energy Corp. $LEU

Sigma Planning Corp purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU) in the second quarter, HoldingsChannel.com reports. The fund purchased 2,647 shares of the company’s stock, valued at approximately $485,000.

Other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Centrus Energy by 21.1% in the 1st quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company’s stock worth $866,000 after acquiring an additional 2,422 shares during the period. Arizona State Retirement System grew its holdings in Centrus Energy by 10.6% in the first quarter. Arizona State Retirement System now owns 4,496 shares of the company’s stock valued at $280,000 after purchasing an additional 432 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Centrus Energy by 4.6% in the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company’s stock valued at $280,000 after buying an additional 200 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Centrus Energy during the 1st quarter worth $744,000. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Centrus Energy in the 1st quarter worth about $1,960,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LEU. HC Wainwright restated a “buy” rating and set a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a research note on Thursday, August 7th. JPMorgan Chase & Co. reduced their target price on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday. Evercore ISI increased their target price on Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Bank of America reissued a “neutral” rating and set a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.60.

Centrus Energy Stock Up 5.9%

Shares of NYSE LEU opened at $294.16 on Friday. The firm has a market cap of $5.36 billion, a P/E ratio of 66.70 and a beta of 1.56. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $464.25. The firm’s 50 day moving average price is $312.42 and its 200 day moving average price is $214.32.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results 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 net margin of 16.56% and a return on equity of 84.09%. During the same period last year, the company earned ($0.30) earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Centrus Energy Company 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.