MRP Capital Investments LLC Decreases Position in Centrus Energy Corp. (NYSE:LEU)

MRP Capital Investments LLC reduced its position in shares of Centrus Energy Corp. (NYSE:LEU) by 32.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,795 shares of the company’s stock after selling 2,300 shares during the period. MRP Capital Investments LLC’s holdings in Centrus Energy were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LEU. Wolff Wiese Magana LLC purchased a new stake in shares of Centrus Energy during the second quarter worth approximately $43,000. nVerses Capital LLC boosted its stake in Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 worth $115,000 after buying an additional 1,754 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Centrus Energy in the first quarter valued at about $216,000. Finally, Victory Capital Management Inc. boosted its position in Centrus Energy by 26.9% during the second quarter. Victory Capital Management Inc. now owns 7,557 shares of the company’s stock worth $323,000 after acquiring an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Price Performance

Centrus Energy stock opened at $39.81 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. The company has a 50-day moving average price of $40.25 and a 200 day moving average price of $42.14. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $61.35. The stock has a market cap of $648.11 million, a P/E ratio of 8.75 and a beta of 1.31.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $0.77 by $1.12. The business had revenue of $189.00 million during the quarter, compared to analysts’ expectations of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. Sell-side analysts anticipate that Centrus Energy Corp. will post 3.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LEU. Roth Mkm cut their price objective on shares of Centrus Energy from $62.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com raised Centrus Energy to a “sell” rating in a report on Wednesday, August 7th.

Centrus Energy Profile

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.