Centrus Energy Corp. $LEU Shares Sold by Sara Bay Financial

Sara Bay Financial cut its position in Centrus Energy Corp. (NYSE:LEU) by 23.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,299 shares of the company’s stock after selling 63,538 shares during the quarter. Centrus Energy accounts for about 17.5% of Sara Bay Financial’s holdings, making the stock its 2nd biggest holding. Sara Bay Financial’s holdings in Centrus Energy were worth $62,727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LEU. Nisa Investment Advisors LLC increased its stake in shares of Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares during the period. USA Financial Formulas bought a new stake in Centrus Energy during the 2nd quarter worth approximately $35,000. Harbour Investments Inc. increased its position in Centrus Energy by 1,181.3% in the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after acquiring an additional 189 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Centrus Energy by 2,084.6% during the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock valued at $52,000 after acquiring an additional 271 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Centrus Energy during the second quarter valued at $94,000. 49.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LEU shares. JPMorgan Chase & Co. reduced their price objective on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Needham & Company LLC began coverage on Centrus Energy in a research report on Friday, December 5th. They issued a “buy” rating and a $357.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a research note on Wednesday. HC Wainwright reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a research note on Tuesday, August 26th. Finally, UBS Group set a $245.00 target price on Centrus Energy in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.36.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $261.66 on Friday. The business has a 50-day moving average price of $299.23 and a two-hundred day moving average price of $248.43. Centrus Energy Corp. has a 1-year low of $49.40 and a 1-year high of $464.25. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. The company has a market cap of $4.76 billion, a P/E ratio of 39.77 and a beta of 1.33.

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