SBI Securities Co. Ltd. Has $183,000 Stake in Centrus Energy Corp. (NYSE:LEU)

SBI Securities Co. Ltd. trimmed its position in shares of Centrus Energy Corp. (NYSE:LEU) by 13.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,939 shares of the company’s stock after selling 443 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Centrus Energy were worth $183,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Nuveen Asset Management LLC increased its stake in Centrus Energy by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company’s stock valued at $1,947,000 after buying an additional 188 shares during the last quarter. Old West Investment Management LLC boosted its holdings in shares of Centrus Energy by 1.9% during the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company’s stock worth $676,000 after purchasing an additional 192 shares during the period. PNC Financial Services Group Inc. raised its stake in Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Centrus Energy by 16.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company’s stock worth $93,000 after purchasing an additional 195 shares during the period. Finally, New York State Common Retirement Fund lifted its stake 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 worth $280,000 after buying an additional 200 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Northland Securities began coverage on shares of Centrus Energy in a report on Monday, July 7th. They set an “outperform” rating and a $205.00 price objective on the stock. B. Riley reiterated a “buy” rating and issued a $221.00 target price (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Stifel Nicolaus assumed coverage on shares of Centrus Energy in a research report on Friday, July 11th. They set a “buy” rating and a $220.00 price target on the stock. Craig Hallum started coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Centrus Energy in a report on Thursday, June 26th. They issued a “neutral” rating and a $148.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Insider Activity at Centrus Energy

In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Centrus Energy Trading Up 2.9%

Shares of NYSE:LEU opened at $233.89 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The business’s 50-day moving average is $150.00 and its 200 day moving average is $102.90. The firm has a market capitalization of $3.98 billion, a P/E ratio of 53.04 and a beta of 1.45. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $238.13.

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

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.