Royce & Associates LP Buys 13,976 Shares of Centrus Energy Corp. $LEU

Royce & Associates LP increased its stake in Centrus Energy Corp. (NYSE:LEU) by 232.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,978 shares of the company’s stock after purchasing an additional 13,976 shares during the quarter. Royce & Associates LP owned approximately 0.11% of Centrus Energy worth $6,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Centrus Energy by 483.8% in the second quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock worth $45,310,000 after buying an additional 204,983 shares during the last quarter. Jump Financial LLC bought a new position in Centrus Energy in the 2nd quarter worth $19,142,000. Franklin Resources Inc. acquired a new position in Centrus Energy during the 2nd quarter worth $16,324,000. First Trust Advisors LP boosted its holdings in Centrus Energy by 193.0% during the second quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock valued at $24,616,000 after acquiring an additional 88,513 shares during the period. Finally, Vanguard Group Inc. grew 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 purchasing an additional 86,509 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Stock Up 2.9%

Shares of NYSE LEU opened at $203.04 on Thursday. 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 is $260.11 and its 200-day moving average is $272.55. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $3.99 billion, a PE ratio of 48.69 and a beta of 1.26.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The business had revenue of $146.20 million during the quarter, compared to analyst estimates of $145.40 million. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on LEU shares. Citigroup cut their price target on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. B. Riley Financial upped their target price on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Northland Securities set a $285.00 price target on shares of Centrus Energy in a research note on Thursday, February 12th. William Blair restated an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Finally, Zacks Research lowered shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. One 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $263.00.

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.