First Trust Advisors LP Has $24.62 Million Stock Position in Centrus Energy Corp. $LEU

First Trust Advisors LP raised its position in shares of Centrus Energy Corp. (NYSE:LEU) by 193.0% in the second quarter, HoldingsChannel.com reports. The firm owned 134,382 shares of the company’s stock after purchasing an additional 88,513 shares during the quarter. First Trust Advisors LP’s holdings in Centrus Energy were worth $24,616,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. 360 Financial Inc. acquired a new stake in shares of Centrus Energy during the second quarter worth $220,000. Baader Bank Aktiengesellschaft bought a new stake in Centrus Energy during the second quarter valued at $1,302,000. GC Wealth Management RIA LLC acquired a new stake in Centrus Energy during the 2nd quarter worth about $1,099,000. Clear Creek Financial Management LLC bought a new position in shares of Centrus Energy in the 2nd quarter worth about $227,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Centrus Energy in the 1st quarter valued at about $625,000. Institutional investors own 49.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. HC Wainwright restated a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a report on Tuesday, August 26th. Needham & Company LLC started coverage on shares of Centrus Energy in a research note on Friday, December 5th. They issued a “buy” rating and a $357.00 price objective for the company. UBS Group set a $245.00 target price on shares of Centrus Energy in a research report on Tuesday, November 25th. Finally, Weiss Ratings started coverage on shares of Centrus Energy in a report on Friday, December 5th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and a consensus target price of $239.36.

Centrus Energy Price Performance

Shares of LEU opened at $265.43 on Thursday. The business’s fifty day moving average is $315.56 and its 200 day moving average is $242.65. Centrus Energy Corp. has a 12-month low of $49.40 and a 12-month high of $464.25. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23. The stock has a market cap of $4.83 billion, a P/E ratio of 40.34 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same quarter last year, the company posted ($0.30) EPS. Centrus Energy’s quarterly revenue was up 29.8% on a year-over-year basis. Sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal 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.