Marsico Capital Management LLC Increases Position in Centrus Energy Corp. $LEU

Marsico Capital Management LLC boosted its holdings in Centrus Energy Corp. (NYSE:LEU) by 36.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,057 shares of the company’s stock after purchasing an additional 14,730 shares during the quarter. Marsico Capital Management LLC’s holdings in Centrus Energy were worth $13,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Centrus Energy by 309.0% during the third quarter. JPMorgan Chase & Co. now owns 34,754 shares of the company’s stock valued at $10,776,000 after purchasing an additional 26,257 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after purchasing an additional 194,909 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Centrus Energy by 16,538.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $24,598,000 after acquiring an additional 100,717 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Centrus Energy by 16.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 53,766 shares of the company’s stock worth $13,052,000 after purchasing an additional 7,450 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Centrus Energy by 25.9% in the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after purchasing an additional 160,482 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Up 8.4%

Shares of LEU opened at $158.94 on Friday. Centrus Energy Corp. has a 1-year low of $144.65 and a 1-year high of $464.25. The company has a 50-day moving average of $189.51 and a 200 day moving average of $225.98. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 18.14 and a beta of 1.34. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $76.13 million. During the same quarter last year, the business posted $1.60 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that Centrus Energy Corp. will post 2.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LEU. Citigroup dropped their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a report on Thursday, February 12th. B. Riley Financial dropped their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, Stifel Nicolaus set a $246.00 price objective on shares of Centrus Energy in a research note on Thursday, February 12th. 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 company. According to MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and an average target price of $268.18.

Insider Buying and Selling

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

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.