Vanguard Group Inc. Acquires 86,509 Shares of Centrus Energy Corp. $LEU

Vanguard Group Inc. increased its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,072,118 shares of the company’s stock after acquiring an additional 86,509 shares during the quarter. Vanguard Group Inc. owned about 5.89% of Centrus Energy worth $332,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Centrus Energy by 2.5% during the second quarter. Geode Capital Management LLC now owns 346,860 shares of the company’s stock worth $63,545,000 after buying an additional 8,339 shares in the last quarter. American Century Companies Inc. lifted its position in Centrus Energy by 483.8% in the second quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock worth $45,310,000 after purchasing an additional 204,983 shares during the period. First Trust Advisors LP lifted its position in Centrus Energy by 193.0% in the second quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock worth $24,616,000 after purchasing an additional 88,513 shares during the period. Jump Financial LLC acquired a new stake in Centrus Energy during the second quarter worth $19,142,000. Finally, HRT Financial LP raised its stake in shares of Centrus Energy by 142.4% in the 2nd quarter. HRT Financial LP now owns 95,247 shares of the company’s stock valued at $17,447,000 after buying an additional 55,946 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Down 4.1%

Centrus Energy stock opened at $202.34 on Friday. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 48.52 and a beta of 1.21. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.59 and a quick ratio of 4.83. The company’s 50 day simple moving average is $263.53 and its 200 day simple moving average is $271.83.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The business had revenue of $146.20 million during the quarter, compared to the consensus estimate of $145.40 million. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Northland Securities set a $285.00 target price on Centrus Energy in a research report on Thursday, February 12th. B. Riley Financial boosted their target price on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $357.00 price objective on shares of Centrus Energy in a report on Monday, December 22nd. Finally, Citigroup dropped their target price on shares of Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $263.00.

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.