Moseley Investment Management Inc. Invests $401,000 in Centrus Energy Corp. $LEU

Moseley Investment Management Inc. purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,190 shares of the company’s stock, valued at approximately $401,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Centrus Energy during the second quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its position in shares of Centrus Energy by 2,084.6% during the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock valued at $52,000 after acquiring an additional 271 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Centrus Energy during the first quarter valued at approximately $28,000. Comerica Bank increased its position in shares of Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after acquiring an additional 560 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of Centrus Energy during the first quarter valued at approximately $53,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on LEU. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on Centrus Energy from $150.00 to $164.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. B. Riley reissued a “buy” rating and set a $221.00 price objective (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Northland Securities set a $275.00 price objective on Centrus Energy in a report on Thursday, August 7th. Finally, HC Wainwright reissued a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Centrus Energy presently has an average rating of “Moderate Buy” and an average target price of $202.09.

Centrus Energy Stock Up 1.9%

Shares of NYSE:LEU opened at $371.09 on Friday. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $389.41. The company has a market cap of $6.76 billion, a PE ratio of 84.15 and a beta of 1.51. 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 stock’s 50-day moving average is $243.67 and its 200 day moving average is $168.71.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same quarter in the prior year, the firm posted $1.89 EPS. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 EPS 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.