Metis Global Partners LLC Takes Position in Centrus Energy Corp. $LEU

Metis Global Partners LLC bought a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,507 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors have also recently added to or reduced their stakes in LEU. Nisa Investment Advisors LLC increased its holdings in Centrus Energy by 157.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after acquiring an additional 112 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Centrus Energy in the second quarter valued at about $35,000. Harbour Investments Inc. increased its stake in shares of Centrus Energy by 1,181.3% during the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after purchasing an additional 189 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Centrus Energy by 2,084.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock worth $52,000 after purchasing an additional 271 shares during the last quarter. Finally, Stone House Investment Management LLC purchased a new position in Centrus Energy in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LEU shares. Northland Securities set a $275.00 price objective on Centrus Energy in a research note on Thursday, August 7th. Evercore ISI lifted their price target on Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. HC Wainwright reissued a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a research note on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price objective on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Bank of America reaffirmed a “neutral” rating and set a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.60.

Centrus Energy Price Performance

NYSE:LEU opened at $253.85 on Friday. Centrus Energy Corp. has a one year low of $49.40 and a one year high of $464.25. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The stock has a market cap of $4.62 billion, a PE ratio of 57.56 and a beta of 1.56. The stock has a 50 day moving average price of $318.21 and a 200 day moving average price of $219.00.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.Centrus Energy’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the business posted ($0.30) EPS. Equities research analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal 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.