Exchange Traded Concepts LLC Purchases 7,450 Shares of Centrus Energy Corp. $LEU

Exchange Traded Concepts LLC increased its holdings in Centrus Energy Corp. (NYSE:LEU) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,766 shares of the company’s stock after acquiring an additional 7,450 shares during the period. Exchange Traded Concepts LLC owned about 0.30% of Centrus Energy worth $13,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. TB Alternative Assets Ltd. raised 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 worth $29,112,000 after purchasing an additional 52,181 shares during the period. Moody Aldrich Partners LLC purchased a new position in shares of Centrus Energy in the 3rd quarter worth about $3,024,000. American Century Companies Inc. boosted its holdings in shares of Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after buying an additional 194,909 shares during the last quarter. Nordea Investment Management AB bought a new position in Centrus Energy during the third quarter valued at about $5,427,000. Finally, JPMorgan Chase & Co. grew its position in Centrus Energy by 309.0% during the third quarter. JPMorgan Chase & Co. now owns 34,754 shares of the company’s stock valued at $10,776,000 after buying an additional 26,257 shares during the period. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Stock Down 5.1%

Centrus Energy stock opened at $183.37 on Friday. The firm has a 50 day simple moving average of $230.98 and a 200 day simple moving average of $273.03. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54. Centrus Energy Corp. has a 1-year low of $49.40 and a 1-year high of $464.25. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 43.97 and a beta of 1.26.

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

Analysts Set New Price Targets

LEU has been the topic of several research reports. Citigroup lowered their price objective on shares of Centrus Energy from $292.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Stifel Nicolaus set a $246.00 target price on shares of Centrus Energy in a research report on Thursday, February 12th. B. Riley Financial raised 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. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $357.00 price objective on shares of Centrus Energy in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Centrus Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.83.

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.