Quantitative Investment Management LLC Decreases Position in Centrus Energy Corp. $LEU

Quantitative Investment Management LLC cut its holdings in Centrus Energy Corp. (NYSE:LEU) by 70.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,511 shares of the company’s stock after selling 3,636 shares during the period. Quantitative Investment Management LLC’s holdings in Centrus Energy were worth $253,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in shares of Centrus Energy by 7.2% in the second quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock worth $275,000 after buying an additional 110 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Centrus Energy during the 2nd quarter valued at about $1,950,000. Handelsbanken Fonder AB grew its position in Centrus Energy by 27.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,980 shares of the company’s stock worth $1,172,000 after acquiring an additional 1,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Centrus Energy by 10.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,820 shares of the company’s stock worth $2,152,000 after acquiring an additional 1,264 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Centrus Energy by 61.6% in the 2nd quarter. GAMMA Investing LLC now owns 446 shares of the company’s stock worth $75,000 after purchasing an additional 170 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LEU has been the subject of several recent research reports. Bank of America lowered their price objective on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. UBS Group raised their target price on shares of Centrus Energy from $170.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Stifel Nicolaus lowered their price target on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, August 25th. Needham & Company LLC dropped their price target on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, HC Wainwright reissued a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $242.00.

Centrus Energy Price Performance

LEU opened at $172.31 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39. Centrus Energy Corp. has a 52-week low of $142.13 and a 52-week high of $464.25. The stock has a market capitalization of $3.44 billion, a PE ratio of 78.32, a price-to-earnings-growth ratio of 21.71 and a beta of 1.33. The stock’s 50 day moving average price is $174.12 and its 200-day moving average price is $185.64.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 EPS. On average, equities research analysts predict that Centrus Energy Corp. will post 2.59 EPS for the current year.

Centrus Energy 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.