ProShare Advisors LLC Acquires New Holdings in Centrus Energy Corp. $LEU

ProShare Advisors LLC bought a new stake in shares of Centrus Energy Corp. (NYSE:LEU) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,033 shares of the company’s stock, valued at approximately $556,000.

Several other institutional investors and hedge funds also recently modified their holdings of LEU. Stone House Investment Management LLC purchased a new position in shares of Centrus Energy during the 1st quarter worth approximately $28,000. Nisa Investment Advisors LLC grew its holdings in Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares during the last quarter. USA Financial Formulas acquired a new stake in Centrus Energy during the 2nd quarter valued at $35,000. Harbour Investments Inc. increased its position in Centrus Energy by 1,181.3% during the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after buying an additional 189 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LEU shares. Evercore ISI lifted their price objective on Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Northland Securities set a $275.00 price target on shares of Centrus Energy in a research note on Thursday, August 7th. HC Wainwright reissued a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a research report on Tuesday, August 26th. JPMorgan Chase & Co. reduced their price objective on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Bank of America restated a “neutral” rating and set a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $224.60.

Centrus Energy Trading Up 0.2%

NYSE LEU opened at $246.08 on Wednesday. The company has a market cap of $4.48 billion, a P/E ratio of 55.80 and a beta of 1.56. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. 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 company has a 50-day moving average of $320.48 and a 200-day moving average of $224.81.

Centrus Energy (NYSE:LEU) last released its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same quarter in the previous year, the company earned ($0.30) earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis. As a group, equities analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.