Van ECK Associates Corp Buys 114,881 Shares of Centrus Energy Corp. $LEU

Van ECK Associates Corp boosted its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 14.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 895,867 shares of the company’s stock after purchasing an additional 114,881 shares during the period. Van ECK Associates Corp’s holdings in Centrus Energy were worth $217,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in Centrus Energy by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock valued at $88,000 after buying an additional 36 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in Centrus Energy by 3.1% during the 4th quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock valued at $325,000 after buying an additional 40 shares in the last quarter. IFP Advisors Inc lifted its holdings in Centrus Energy by 38.3% during the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after buying an additional 41 shares in the last quarter. Rothschild Investment LLC lifted its holdings in Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after buying an additional 45 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Centrus Energy by 23.2% during the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after buying an additional 45 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Up 2.6%

NYSE:LEU opened at $162.73 on Friday. Centrus Energy Corp. has a one year low of $144.65 and a one year high of $464.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The firm has a market cap of $3.20 billion, a P/E ratio of 53.88, a P/E/G ratio of 19.63 and a beta of 1.34. The firm has a 50-day simple moving average of $189.11 and a 200-day simple moving average of $225.54.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business had revenue of $76.70 million during the quarter, compared to analyst estimates of $76.13 million. During the same quarter in the previous year, the business posted $1.60 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Centrus Energy Corp. will post 2.7 EPS for the current fiscal year.

Insider Activity

In other news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LEU shares. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Citigroup reduced their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Weiss Ratings lowered shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. UBS Group reduced their price target on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Finally, B. Riley Financial reduced their price target on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $268.18.

Centrus Energy Company 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.