SIR Capital Management L.P. Lowers Holdings in Centrus Energy Corp. $LEU

SIR Capital Management L.P. decreased its holdings in Centrus Energy Corp. (NYSE:LEU) by 77.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,768 shares of the company’s stock after selling 16,464 shares during the quarter. SIR Capital Management L.P.’s holdings in Centrus Energy were worth $1,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LEU. Cohen & Steers Inc. purchased a new stake in shares of Centrus Energy during the 4th quarter worth about $4,836,000. Keystone Investors PTE Ltd. acquired a new position in Centrus Energy during the 4th quarter worth approximately $405,000. Insigneo Advisory Services LLC lifted its position in Centrus Energy by 18.9% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,120 shares of the company’s stock worth $272,000 after acquiring an additional 178 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Centrus Energy in the 4th quarter valued at approximately $835,000. Finally, MetLife Investment Management LLC raised its position in shares of Centrus Energy by 1.7% in the 4th quarter. MetLife Investment Management LLC now owns 9,295 shares of the company’s stock valued at $2,256,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Up 2.6%

Shares of NYSE LEU opened at $162.73 on Friday. Centrus Energy Corp. has a 12 month low of $144.65 and a 12 month high of $464.25. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 53.88, a P/E/G ratio of 19.63 and a beta of 1.34. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $189.11 and a 200-day simple moving average of $225.54.

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

Insider Transactions at Centrus Energy

In related news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Citigroup lowered their price objective on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. B. Riley Financial decreased their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Finally, UBS Group decreased their target price on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Centrus Energy has a consensus rating of “Moderate Buy” and an average price target of $268.18.

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.