Old West Investment Management LLC Reduces Stock Position in Centrus Energy Corp. $LEU

Old West Investment Management LLC trimmed its position in Centrus Energy Corp. (NYSE:LEU) by 50.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,905 shares of the company’s stock after selling 3,015 shares during the quarter. Old West Investment Management LLC’s holdings in Centrus Energy were worth $901,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LEU. 360 Financial Inc. acquired a new position in shares of Centrus Energy in the second quarter worth about $220,000. Clear Creek Financial Management LLC purchased a new position in shares of Centrus Energy in the 2nd quarter valued at about $227,000. TB Alternative Assets Ltd. raised its holdings in Centrus Energy by 125.1% in the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock worth $29,112,000 after purchasing an additional 52,181 shares during the period. Moody Aldrich Partners LLC purchased a new position in Centrus Energy during the third quarter worth approximately $3,024,000. Finally, Whalen Wealth Management Inc. acquired a new stake in Centrus Energy in the second quarter valued at approximately $230,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Up 9.1%

LEU stock opened at $264.21 on Friday. 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 firm has a 50-day moving average of $276.39 and a two-hundred day moving average of $273.14. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 40.15 and a beta of 1.21.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the business earned ($0.30) earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LEU has been the subject of several research analyst reports. Roth Mkm upped their target price on Centrus Energy from $117.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. UBS Group set a $245.00 target price on shares of Centrus Energy in a research note on Tuesday, November 25th. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $253.08.

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.