Canton Hathaway LLC Lowers Stock Holdings in Centrus Energy Corp. $LEU

Canton Hathaway LLC trimmed its position in shares of Centrus Energy Corp. (NYSE:LEU) by 8.6% in the second quarter, HoldingsChannel.com reports. The fund owned 3,410 shares of the company’s stock after selling 320 shares during the period. Canton Hathaway LLC’s holdings in Centrus Energy were worth $625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LEU. Wealth Enhancement Advisory Services LLC boosted its holdings in Centrus Energy by 380.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company’s stock valued at $401,000 after acquiring an additional 5,108 shares during the period. KBC Group NV purchased a new position in Centrus Energy during the 1st quarter valued at about $53,000. Teacher Retirement System of Texas boosted its holdings in Centrus Energy by 21.1% during the 1st quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company’s stock valued at $866,000 after acquiring an additional 2,422 shares during the period. Goehring & Rozencwajg Associates LLC boosted its holdings in Centrus Energy by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 212,362 shares of the company’s stock valued at $13,211,000 after acquiring an additional 4,606 shares during the period. Finally, Arizona State Retirement System raised its position in Centrus Energy by 10.6% in the 1st quarter. Arizona State Retirement System now owns 4,496 shares of the company’s stock valued at $280,000 after purchasing an additional 432 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $383.31 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The firm has a market capitalization of $6.98 billion, a PE ratio of 86.92 and a beta of 1.51. The stock’s 50-day simple moving average is $297.51 and its 200-day simple moving average is $202.56.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LEU shares. Northland Capmk upgraded Centrus Energy to a “strong-buy” rating in a research note on Monday, July 7th. Bank of America reiterated a “neutral” rating and issued a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Evercore ISI lifted their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and an average price target of $216.50.

Centrus Energy Company 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.