Private Advisor Group LLC Makes New Investment in Centrus Energy Corp. (NYSE:LEU)

Private Advisor Group LLC purchased a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,347 shares of the company’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Centrus Energy by 207.3% in the first quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock valued at $419,000 after buying an additional 6,807 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Centrus Energy in the first quarter valued at about $2,076,000. Russell Investments Group Ltd. grew its stake in Centrus Energy by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock valued at $1,185,000 after purchasing an additional 766 shares in the last quarter. Vanguard Group Inc. grew its stake in Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after purchasing an additional 17,033 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Centrus Energy by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after purchasing an additional 46,254 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LEU shares. Roth Mkm lowered their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. B. Riley raised their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Centrus Energy presently has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Trading Down 3.6 %

NYSE:LEU opened at $75.16 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $61.65 and its two-hundred day moving average is $49.58. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $118.36. The company has a market cap of $1.22 billion, a PE ratio of 15.69 and a beta of 1.19.

Centrus Energy (NYSE:LEU) last released its earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The firm had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. On average, analysts predict that Centrus Energy Corp. will post 2.4 EPS for the current year.

About Centrus Energy

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.