9,976 Shares in Centrus Energy Corp. $LEU Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,976 shares of the company’s stock, valued at approximately $2,422,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEU. Comerica Bank grew its holdings in shares of Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares in the last quarter. Royal Bank of Canada raised its stake in 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 position in Centrus Energy by 45.6% during 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 worth $3,379,000 after purchasing an additional 17,014 shares during the period. Creative Planning bought a new stake in Centrus Energy during the second quarter worth about $435,000. Finally, JPMorgan Chase & Co. lifted its position in Centrus Energy by 12.1% during the second quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock worth $1,556,000 after purchasing an additional 917 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Centrus Energy

In related news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were 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 is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on LEU. Citigroup decreased their target price on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. UBS Group cut their price target on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. 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. B. Riley Financial decreased their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, Roth Mkm cut their target price on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday. One equities research 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $271.18.

Centrus Energy Stock Down 3.4%

Shares of NYSE LEU opened at $177.49 on Wednesday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 58.77, a PEG ratio of 22.44 and a beta of 1.34. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. Centrus Energy Corp. has a 12 month low of $144.65 and a 12 month high of $464.25. The stock has a 50-day moving average price of $188.68 and a two-hundred day moving average price of $221.53.

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, beating 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 period last year, the company posted $1.60 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Centrus Energy Corp. will post 2.74 earnings per share for the current fiscal 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.