Principal Financial Group Inc. Purchases New Stake in Centrus Energy Corp. $LEU

Principal Financial Group Inc. acquired a new position in Centrus Energy Corp. (NYSE:LEUFree Report) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 30,816 shares of the company’s stock, valued at approximately $9,555,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. 360 Financial Inc. purchased a new position in Centrus Energy during the second quarter valued at approximately $220,000. TB Alternative Assets Ltd. boosted its stake in shares of Centrus Energy by 125.1% during the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock valued at $29,112,000 after buying an additional 52,181 shares during the period. Moody Aldrich Partners LLC acquired a new stake in shares of Centrus Energy during the 3rd quarter valued at $3,024,000. Whalen Wealth Management Inc. purchased a new position in shares of Centrus Energy during the 2nd quarter valued at $230,000. Finally, Nordea Investment Management AB purchased a new stake in shares of Centrus Energy during the third quarter worth $5,427,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Key Centrus Energy News

Here are the key news stories impacting Centrus Energy this week:

Analyst Ratings Changes

A number of analysts recently issued reports on LEU shares. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. Finally, B. Riley Financial increased their price target on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Two equities research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.92.

Read Our Latest Analysis on LEU

Centrus Energy Price Performance

NYSE LEU opened at $185.68 on Friday. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $464.25. The company has a fifty day simple moving average of $273.87 and a 200 day simple moving average of $273.21. 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 $3.38 billion, a P/E ratio of 44.53 and a beta of 1.21.

Centrus Energy (NYSE:LEUGet Free Report) last announced its earnings results on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.63). The firm had revenue of $146.20 million during the quarter, compared to the consensus estimate of $145.40 million. Centrus Energy had a return on equity of 21.15% and a net margin of 17.34%.The company’s revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.

Centrus Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Centrus Energy (NYSE:LEU)

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