Sara Bay Financial Has $62.73 Million Stake in Centrus Energy Corp. $LEU

Sara Bay Financial trimmed its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 23.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,299 shares of the company’s stock after selling 63,538 shares during the quarter. Centrus Energy comprises about 17.5% of Sara Bay Financial’s investment portfolio, making the stock its 2nd largest holding. Sara Bay Financial owned approximately 1.11% of Centrus Energy worth $62,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after purchasing an additional 112 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Centrus Energy in the second quarter valued at approximately $35,000. Harbour Investments Inc. grew its position in 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 buying an additional 189 shares in the last quarter. Comerica Bank increased its stake in Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

LEU has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Centrus Energy in a research report on Wednesday. HC Wainwright reaffirmed a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Tuesday, August 26th. Needham & Company LLC initiated coverage on shares of Centrus Energy in a research note on Friday, December 5th. They set a “buy” rating and a $357.00 price objective on the stock. UBS Group set a $245.00 target price on shares of Centrus Energy in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Centrus Energy currently has an average rating of “Moderate Buy” and an average price target of $239.36.

Centrus Energy Stock Performance

NYSE:LEU opened at $261.66 on Friday. Centrus Energy Corp. has a twelve month low of $49.40 and a twelve month high of $464.25. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23. The stock’s 50-day simple moving average is $299.23 and its 200 day simple moving average is $248.43. The firm has a market capitalization of $4.76 billion, a PE ratio of 39.77 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last posted its earnings results on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.Centrus Energy’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. On average, analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

About Centrus Energy

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.