Diamond Hill Capital Management LLC Investment Advisor Acquires Shares of 11,618 Centrus Energy Corp. $LEU

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 11,618 shares of the company’s stock, valued at approximately $1,950,000.

A number of other large investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Centrus Energy by 16,538.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $24,598,000 after buying an additional 100,717 shares in the last quarter. AlphaStar Capital Management LLC acquired a new stake in Centrus Energy in the fourth quarter valued at about $4,473,000. Vanguard Group Inc. boosted its stake in Centrus Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock valued at $263,745,000 after buying an additional 14,325 shares in the last quarter. Next Century Growth Investors LLC grew its position in Centrus Energy by 56.2% in the fourth quarter. Next Century Growth Investors LLC now owns 33,462 shares of the company’s stock valued at $8,123,000 after acquiring an additional 12,037 shares during the last quarter. Finally, Pier Capital LLC grew its position in Centrus Energy by 165.5% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Stock Performance

LEU stock opened at $184.57 on Tuesday. The firm has a market cap of $3.68 billion, a PE ratio of 83.90, a price-to-earnings-growth ratio of 24.45 and a beta of 1.36. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $171.89 and a 200-day moving average price of $192.66. Centrus Energy Corp. has a 1-year low of $142.13 and a 1-year high of $464.25.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. As a group, equities research analysts expect that Centrus Energy Corp. will post 2.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LEU. JPMorgan Chase & Co. increased their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Centrus Energy in a research note on Tuesday, August 4th. Bank of America lowered their price target on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. B. Riley Financial dropped their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Finally, Citigroup cut their price objective on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.17.

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.