Stifel Financial Corp Increases Stake in Centrus Energy Corp. (NYSE:LEU)

Stifel Financial Corp grew its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 48.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,301 shares of the company’s stock after purchasing an additional 6,929 shares during the quarter. Stifel Financial Corp owned approximately 0.13% of Centrus Energy worth $1,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in Centrus Energy during the 2nd quarter valued at $42,000. nVerses Capital LLC raised its stake in shares of Centrus Energy by 133.3% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after acquiring an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Centrus Energy by 181.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after acquiring an additional 1,754 shares during the last quarter. Heritage Investors Management Corp purchased a new stake in shares of Centrus Energy during the third quarter worth about $203,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Centrus Energy in the second quarter worth about $233,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Price Performance

LEU stock opened at $66.80 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $118.36. The firm has a 50-day moving average of $81.84 and a 200 day moving average of $57.37. The company has a market cap of $1.10 billion, a P/E ratio of 13.95 and a beta of 1.12.

Centrus Energy (NYSE:LEU) last announced its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $56.50 million. On average, sell-side analysts forecast that Centrus Energy Corp. will post 2.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LEU shares. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. B. Riley boosted their target price on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm dropped their price target 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. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.00.

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.