Squarepoint Ops LLC Sells 11,036 Shares of Centrus Energy Corp. $LEU

Squarepoint Ops LLC reduced its position in Centrus Energy Corp. (NYSE:LEU) by 17.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,101 shares of the company’s stock after selling 11,036 shares during the quarter. Squarepoint Ops LLC owned 0.28% of Centrus Energy worth $9,361,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LEU. Nisa Investment Advisors LLC boosted its stake in Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after buying an additional 112 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Centrus Energy in the 2nd quarter valued at $35,000. Harbour Investments Inc. grew its holdings in shares of Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after purchasing an additional 189 shares during the last quarter. Comerica Bank raised its position in Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Centrus Energy by 2,084.6% in the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock worth $52,000 after purchasing an additional 271 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LEU has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Centrus Energy in a report on Thursday. Needham & Company LLC initiated coverage on Centrus Energy in a research note on Friday, December 5th. They issued a “buy” rating and a $357.00 price target on the stock. UBS Group set a $245.00 price objective on Centrus Energy in a research report on Tuesday, November 25th. HC Wainwright restated a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.36.

Centrus Energy Trading Down 8.7%

NYSE:LEU opened at $249.35 on Friday. The company has a 50-day moving average price of $312.16 and a 200-day moving average price of $244.62. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 37.90 and a beta of 1.33. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.Centrus Energy’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Equities analysts predict that Centrus Energy Corp. will post 2.63 EPS 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.