Driehaus Capital Management LLC Takes Position in Centrus Energy Corp. (NYSE:LEU)

Driehaus Capital Management LLC purchased a new stake in Centrus Energy Corp. (NYSE:LEU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 155,633 shares of the company’s stock, valued at approximately $10,367,000. Driehaus Capital Management LLC owned about 0.95% of Centrus Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Cetera Investment Advisers purchased a new position in shares of Centrus Energy during the 4th quarter valued at approximately $236,000. Brevan Howard Capital Management LP bought a new position in Centrus Energy during the 4th quarter valued at $1,509,000. Balyasny Asset Management L.P. grew its holdings in Centrus Energy by 24.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 37,173 shares of the company’s stock worth $2,476,000 after acquiring an additional 7,247 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of Centrus Energy in the 4th quarter worth about $2,508,000. Finally, Bayesian Capital Management LP raised its stake in shares of Centrus Energy by 113.6% in the 4th quarter. Bayesian Capital Management LP now owns 12,814 shares of the company’s stock valued at $854,000 after purchasing an additional 6,816 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Insider Activity

In related news, SVP Larry B. Cutlip sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the sale, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LEU. Citigroup started coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Craig Hallum started coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a “buy” rating and a $129.00 price target on the stock. HC Wainwright started coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price objective for the company. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Centrus Energy currently has an average rating of “Hold” and an average target price of $143.40.

Centrus Energy Price Performance

Shares of LEU opened at $93.60 on Friday. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The stock has a fifty day moving average price of $69.74 and a 200 day moving average price of $79.16. The company has a market cap of $1.57 billion, a P/E ratio of 21.22 and a beta of 1.14.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The firm’s revenue was up 67.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.38) earnings per share. On average, research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Centrus Energy Company Profile

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.