Entropy Technologies LP Makes New $1.02 Million Investment in Centrus Energy Corp. $LEU

Entropy Technologies LP acquired a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,858 shares of the company’s stock, valued at approximately $1,017,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Centrus Energy by 126.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock worth $90,265,000 after purchasing an additional 207,316 shares during the period. Bank of New York Mellon Corp raised its position in Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after purchasing an additional 143,069 shares during the period. Van ECK Associates Corp lifted its stake in Centrus Energy by 14.7% in the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock worth $217,481,000 after purchasing an additional 114,881 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Centrus Energy by 217.4% in the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after purchasing an additional 109,960 shares during the last quarter. Finally, Man Group plc boosted its position in shares of Centrus Energy by 2,303.8% during the fourth quarter. Man Group plc now owns 114,037 shares of the company’s stock valued at $27,684,000 after buying an additional 109,293 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LEU. Truist Financial started coverage on Centrus Energy in a research note on Monday, July 13th. They set a “buy” rating and a $215.00 target price on the stock. UBS Group dropped their price objective on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. B. Riley Financial reduced their target price on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, Bank of America reduced their target price on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.08.

Centrus Energy Stock Performance

Shares of NYSE:LEU opened at $169.45 on Wednesday. The firm has a market cap of $3.33 billion, a PE ratio of 56.11, a price-to-earnings-growth ratio of 21.21 and a beta of 1.35. The firm’s 50 day simple moving average is $170.82 and its 200-day simple moving average is $204.71. Centrus Energy Corp. has a one year low of $142.13 and a one year high of $464.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.72. The firm 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%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. As a group, equities analysts predict that Centrus Energy Corp. will post 2.77 EPS for the current year.

Insider Buying and Selling

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

Centrus Energy Company Profile

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.