Wealth Enhancement Advisory Services LLC Cuts Holdings in Centrus Energy Corp. $LEU

Wealth Enhancement Advisory Services LLC lowered its stake in Centrus Energy Corp. (NYSE:LEU) by 30.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,014 shares of the company’s stock after selling 2,222 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Centrus Energy were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in LEU. Comerica Bank increased its stake in shares of Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after buying an additional 560 shares during the period. Royal Bank of Canada grew its holdings in Centrus Energy by 57.6% during the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after acquiring an additional 6,312 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Centrus Energy by 45.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after purchasing an additional 17,014 shares during the last quarter. Farther Finance Advisors LLC raised 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 purchasing an additional 271 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Centrus Energy by 4.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,742 shares of the company’s stock worth $1,785,000 after purchasing an additional 375 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. B. Riley boosted their target price on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $390.00 price objective on shares of Centrus Energy in a research report on Monday, January 5th. Roth Mkm increased their price objective on Centrus Energy from $117.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Needham & Company LLC restated a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. Finally, Zacks Research raised Centrus Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and a consensus price target of $253.33.

Centrus Energy Stock Down 7.7%

Centrus Energy stock opened at $278.39 on Friday. The company has a market capitalization of $5.07 billion, a P/E ratio of 42.31 and a beta of 1.24. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The stock has a 50-day simple moving average of $275.64 and a 200-day simple moving average of $272.45.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same period last year, the business posted ($0.30) EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Centrus Energy Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.