Hussman Strategic Advisors Inc. Makes New $1.96 Million Investment in Centrus Energy Corp. (NYSE:LEU)

Hussman Strategic Advisors Inc. purchased a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,500 shares of the company’s stock, valued at approximately $1,960,000. Hussman Strategic Advisors Inc. owned approximately 0.19% of Centrus Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its position in Centrus Energy by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company’s stock worth $1,947,000 after acquiring an additional 188 shares in the last quarter. Old West Investment Management LLC raised its position in shares of Centrus Energy by 1.9% in the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company’s stock valued at $676,000 after purchasing an additional 192 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Centrus Energy by 16.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company’s stock valued at $93,000 after purchasing an additional 195 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Centrus Energy by 4.6% in the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company’s stock valued at $280,000 after purchasing an additional 200 shares during the period. 49.96% of the stock is owned by institutional investors.

Centrus Energy Stock Up 3.7%

LEU traded up $8.76 during trading on Friday, hitting $242.65. 336,431 shares of the company’s stock were exchanged, compared to its average volume of 954,724. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The business’s 50 day moving average is $150.00 and its two-hundred day moving average is $102.90. Centrus Energy Corp. has a fifty-two week low of $33.51 and a fifty-two week high of $246.45. The stock has a market cap of $4.13 billion, a P/E ratio of 55.11 and a beta of 1.45.

Centrus Energy (NYSE:LEU) last posted its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period last year, the business posted ($0.38) earnings per share. The business’s revenue for the quarter was up 67.3% on a year-over-year basis. As a group, equities analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LEU has been the topic of several research analyst reports. Bank of America assumed coverage on shares of Centrus Energy in a research report on Wednesday, June 4th. They issued a “buy” rating and a $160.00 price objective on the stock. B. Riley restated a “buy” rating and issued a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. Craig Hallum assumed coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a “buy” rating and a $129.00 price target for the company. Evercore ISI set a $205.00 price target on shares of Centrus Energy and gave the stock an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Centrus Energy in a report on Thursday, June 26th. They set a “neutral” rating and a $148.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Insider Buying and Selling at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $126.00, for a total value of $217,728.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John M. A. Donelson sold 3,732 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.