New Millennium Group LLC Invests $2.99 Million in Centrus Energy Corp. $LEU

New Millennium Group LLC bought a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,632 shares of the company’s stock, valued at approximately $2,987,000. Centrus Energy accounts for approximately 1.4% of New Millennium Group LLC’s investment portfolio, making the stock its 21st biggest position. New Millennium Group LLC owned about 0.05% of Centrus Energy at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LEU. Nisa Investment Advisors LLC grew its holdings in Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares in the last quarter. Harbour Investments Inc. grew its stake in Centrus Energy by 1,181.3% during the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after acquiring an additional 189 shares in the last quarter. Rothschild Investment LLC increased its holdings in Centrus Energy by 54.9% in the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after acquiring an additional 45 shares during the last quarter. Mather Group LLC. bought a new stake in Centrus Energy in the 3rd quarter valued at $41,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Centrus Energy in the 3rd quarter worth $41,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LEU shares. B. Riley Financial raised their price objective on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. cut their price target on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Northland Securities set a $285.00 target price on Centrus Energy in a research report on Thursday, February 12th. Finally, UBS Group set a $245.00 price objective on shares of Centrus Energy in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $263.00.

Centrus Energy Stock Up 1.2%

NYSE LEU opened at $209.07 on Friday. The company has a quick ratio of 4.83, a current ratio of 5.59 and a debt-to-equity ratio of 1.54. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $464.25. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 50.14 and a beta of 1.21. The company has a fifty day moving average of $267.37 and a two-hundred day moving average of $272.50.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The firm had revenue of $146.20 million during the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy’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.

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.