Geode Capital Management LLC Increases Stock Position in Centrus Energy Corp. $LEU

Geode Capital Management LLC raised its holdings in Centrus Energy Corp. (NYSE:LEU) by 7.8% during the 4th quarter, Holdings Channel reports. The firm owned 414,933 shares of the company’s stock after purchasing an additional 29,857 shares during the quarter. Geode Capital Management LLC’s holdings in Centrus Energy were worth $100,746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LEU. Comerica Bank lifted its holdings in shares of Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Centrus Energy by 57.6% in the first quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock valued at $1,074,000 after purchasing an additional 6,312 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Centrus Energy by 45.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after purchasing an additional 17,014 shares in the last quarter. Creative Planning purchased a new stake in shares of Centrus Energy in the second quarter valued at about $435,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Centrus Energy by 12.1% in the second quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock valued at $1,556,000 after purchasing an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Insider Activity

In other news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LEU shares. B. Riley Financial cut their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. Citigroup cut their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Weiss Ratings lowered shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Roth Mkm reissued a “neutral” rating and issued a $137.00 price objective on shares of Centrus Energy in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.18.

Centrus Energy Price Performance

Centrus Energy stock opened at $161.69 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 20.44 and a beta of 1.34. Centrus Energy Corp. has a 1 year low of $133.00 and a 1 year high of $464.25. The firm has a 50 day moving average price of $191.35 and a 200 day moving average price of $228.69.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company had revenue of $76.70 million for the quarter, compared to the consensus estimate of $76.13 million. During the same quarter last year, the firm posted $1.60 earnings per share. Centrus Energy’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts predict that Centrus Energy Corp. will post 2.7 earnings per share for the current year.

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.