Denali Advisors LLC Makes New $256,000 Investment in Centrus Energy Corp. $LEU

Denali Advisors LLC bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the 2nd quarter, HoldingsChannel reports. The firm bought 1,400 shares of the company’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in Centrus Energy during the 1st quarter worth about $28,000. USA Financial Formulas bought a new position in Centrus Energy during the 2nd quarter worth about $35,000. Harbour Investments Inc. grew its holdings in Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after acquiring an additional 189 shares in the last quarter. Comerica Bank grew its holdings in Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Centrus Energy by 2,084.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock valued at $52,000 after buying an additional 271 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Northland Securities set a $275.00 price target on shares of Centrus Energy in a report on Thursday, August 7th. William Blair restated an “outperform” rating on shares of Centrus Energy in a report on Wednesday, July 9th. Bank of America restated a “neutral” rating and issued a $285.00 price target (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Centrus Energy from $150.00 to $164.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, HC Wainwright restated a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $202.09.

Centrus Energy Stock Up 9.3%

LEU stock opened at $344.23 on Friday. The firm has a 50 day moving average of $277.52 and a 200 day moving average of $190.70. The stock has a market capitalization of $6.27 billion, a PE ratio of 78.06 and a beta of 1.51. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $464.25.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. Sell-side analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current 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.