Centrus Energy Corp. $LEU Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Centrus Energy Corp. (NYSE:LEU) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,933 shares of the company’s stock after buying an additional 29,857 shares during the period. Geode Capital Management LLC owned about 2.28% of Centrus Energy worth $100,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Centrus Energy by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock worth $88,000 after buying an additional 36 shares during the last quarter. Prospera Financial Services Inc lifted its position in shares of Centrus Energy by 3.1% during the 4th quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock worth $325,000 after buying an additional 40 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Centrus Energy by 38.3% during the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after buying an additional 41 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Centrus Energy by 54.9% during the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Centrus Energy by 23.2% during the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after purchasing an additional 45 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LEU. B. Riley Financial dropped their price objective on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Roth Mkm reaffirmed a “neutral” rating and set a $137.00 price objective on shares of Centrus Energy in a report on Wednesday, February 11th. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Citigroup dropped 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. Finally, UBS Group dropped their price objective on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $268.18.

Centrus Energy Trading Down 13.4%

Shares of LEU opened at $161.69 on Friday. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. The firm’s 50-day moving average is $191.35 and its two-hundred day moving average is $228.69. Centrus Energy Corp. has a twelve month low of $133.00 and a twelve month high of $464.25. The firm has a market capitalization of $3.18 billion, a P/E ratio of 53.54, a PEG ratio of 20.44 and a beta of 1.34.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. During the same period in the prior year, the business posted $1.60 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts predict that Centrus Energy Corp. will post 2.7 earnings per share 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.