Lbp Am Sa Invests $465,000 in Centrus Energy Corp. $LEU

Lbp Am Sa acquired a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the third quarter, HoldingsChannel reports. The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new position in Centrus Energy in the 3rd quarter valued at about $1,024,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Centrus Energy during the third quarter valued at approximately $295,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Centrus Energy by 158.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 20,951 shares of the company’s stock valued at $6,496,000 after buying an additional 12,851 shares during the period. Triasima Portfolio Management inc. acquired a new stake in Centrus Energy during the third quarter worth approximately $278,000. Finally, American Alpha Advisors LLC grew its stake in Centrus Energy by 35.4% in the 3rd quarter. American Alpha Advisors LLC now owns 1,693 shares of the company’s stock worth $525,000 after acquiring an additional 443 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Up 9.1%

Shares of NYSE:LEU opened at $337.60 on Thursday. The stock has a 50-day simple moving average of $273.71 and a 200-day simple moving average of $271.42. The stock has a market capitalization of $6.15 billion, a P/E ratio of 51.31 and a beta of 1.24. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $464.25. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46.

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

Analyst Ratings Changes

A number of research analysts have weighed in on LEU shares. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a research note on Monday, December 29th. Northland Securities set a $325.00 target price on Centrus Energy in a research note on Wednesday, January 7th. Zacks Research upgraded Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. William Blair restated an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. Finally, B. Riley upped their price objective on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.33.

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.