Entropy Technologies LP Makes New Investment in Centrus Energy Corp. $LEU

Entropy Technologies LP bought a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,858 shares of the company’s stock, valued at approximately $1,017,000.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Centrus Energy by 11.0% in the 4th quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock valued at $88,000 after purchasing an additional 36 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of Centrus Energy by 3.1% during the fourth quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock valued at $325,000 after purchasing an additional 40 shares in the last quarter. IFP Advisors Inc increased its holdings in Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after buying an additional 41 shares during the period. Allworth Financial LP increased its holdings in Centrus Energy by 23.2% during the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after buying an additional 45 shares during the period. Finally, Lido Advisors LLC raised its stake in Centrus Energy by 4.2% in the third quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after buying an additional 46 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Down 3.7%

NYSE:LEU opened at $169.45 on Wednesday. Centrus Energy Corp. has a 52 week low of $142.13 and a 52 week high of $464.25. The firm has a 50 day moving average of $170.82 and a 200 day moving average of $204.71. 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 stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 21.21 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $76.13 million. During the same period last year, the firm earned $1.60 earnings per share. Centrus Energy’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Centrus Energy Corp. will post 2.77 earnings per share for the current fiscal year.

Insider Activity at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LEU. Roth Capital set a $171.00 target price on Centrus Energy in a report on Monday. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Truist Financial started coverage on Centrus Energy in a report on Monday, July 13th. They issued a “buy” rating and a $215.00 price target on the stock. Needham & Company LLC started coverage on Centrus Energy in a research report on Thursday, July 9th. They issued a “buy” rating and a $264.00 price target for the company. Finally, Bank of America decreased their price objective on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and an average price target of $250.08.

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.