Cibc World Market Inc. Buys 3,350 Shares of Centrus Energy Corp. $LEU

Cibc World Market Inc. boosted its stake in Centrus Energy Corp. (NYSE:LEU) by 131.0% in the fourth quarter, HoldingsChannel reports. The firm owned 5,907 shares of the company’s stock after acquiring an additional 3,350 shares during the period. Cibc World Market Inc.’s holdings in Centrus Energy were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new stake in Centrus Energy in the 4th quarter worth approximately $30,000. RiverPark Advisors LLC bought a new stake in Centrus Energy in the 3rd quarter worth approximately $33,000. Fulcrum Asset Management LLP purchased a new position in shares of Centrus Energy during the 3rd quarter worth $34,000. Rothschild Investment LLC boosted its stake in shares of Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Centrus Energy during the 4th quarter worth $39,000. Institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. B. Riley Financial decreased their target price on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Citigroup decreased their target price on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Roth Mkm reaffirmed a “neutral” rating and set a $137.00 price objective on shares of Centrus Energy in a research report on Wednesday, February 11th. Finally, Weiss Ratings cut Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy has a consensus rating of “Moderate Buy” and an average price target of $268.18.

Centrus Energy Trading Down 4.4%

Shares of Centrus Energy stock opened at $156.47 on Wednesday. The company has a market capitalization of $3.08 billion, a P/E ratio of 51.81, a P/E/G ratio of 20.25 and a beta of 1.34. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The company has a fifty day moving average of $190.24 and a 200 day moving average of $227.23. Centrus Energy Corp. has a fifty-two week low of $140.65 and a fifty-two week high of $464.25.

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. The company had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. Centrus Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

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.