State Street Corp Trims Position in Centrus Energy Corp. (NYSE:LEU)

State Street Corp lessened its position in Centrus Energy Corp. (NYSE:LEU) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 671,769 shares of the company’s stock after selling 38,528 shares during the quarter. State Street Corp owned approximately 4.10% of Centrus Energy worth $36,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in Centrus Energy during the second quarter worth approximately $42,000. nVerses Capital LLC grew its holdings in Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Centrus Energy by 181.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after buying an additional 1,754 shares in the last quarter. Heritage Investors Management Corp acquired a new position in shares of Centrus Energy in the third quarter valued at approximately $203,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Centrus Energy during the 2nd quarter worth $233,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Roth Mkm dropped their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, B. Riley raised their price target on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Centrus Energy presently has a consensus rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Trading Down 2.1 %

NYSE:LEU opened at $66.80 on Friday. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $118.36. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.95 and a beta of 1.12. The business has a 50 day simple moving average of $81.84 and a 200 day simple moving average of $57.20.

Centrus Energy (NYSE:LEU) last released its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The firm had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. Equities research analysts predict that Centrus Energy Corp. will post 2.28 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.