Renaissance Technologies LLC Has $27.87 Million Position in Centrus Energy Corp. $LEU

Renaissance Technologies LLC lifted its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 217.4% during the first quarter, HoldingsChannel reports. The firm owned 160,542 shares of the company’s stock after acquiring an additional 109,960 shares during the quarter. Renaissance Technologies LLC’s holdings in Centrus Energy were worth $27,868,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Centrus Energy by 16,538.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $24,598,000 after acquiring an additional 100,717 shares in the last quarter. AlphaStar Capital Management LLC bought a new stake in Centrus Energy in the 4th quarter valued at $4,473,000. Vanguard Group Inc. lifted its position in Centrus Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock valued at $263,745,000 after acquiring an additional 14,325 shares in the last quarter. Pier Capital LLC lifted its position in Centrus Energy by 165.5% in the 4th quarter. Pier Capital LLC now owns 14,036 shares of the company’s stock valued at $3,407,000 after acquiring an additional 8,749 shares in the last quarter. Finally, Next Century Growth Investors LLC boosted its stake in Centrus Energy by 56.2% in the 4th quarter. Next Century Growth Investors LLC now owns 33,462 shares of the company’s stock worth $8,123,000 after purchasing an additional 12,037 shares during the period. Institutional investors own 49.96% of the company’s stock.

Insider Activity at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LEU has been the subject of a number of research reports. Bank of America lowered their target price on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Citigroup cut their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Truist Financial assumed coverage on Centrus Energy in a research report on Monday, July 13th. They set a “buy” rating and a $215.00 price objective for the company. B. Riley Financial decreased their price objective on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, Roth Capital set a $171.00 target price on Centrus Energy in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $250.08.

Centrus Energy Stock Performance

Shares of LEU opened at $169.45 on Wednesday. Centrus Energy Corp. has a 12 month low of $142.13 and a 12 month high of $464.25. The firm has a fifty day simple moving average of $170.82 and a 200 day simple moving average of $204.71. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 21.21 and a beta of 1.35. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $76.13 million. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts forecast that Centrus Energy Corp. will post 2.77 EPS for the current fiscal 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.