FORA Capital LLC Makes New Investment in Centrus Energy Corp. $LEU

FORA Capital LLC purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,025 shares of the company’s stock, valued at approximately $4,035,000.

A number of other large investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Centrus Energy by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock valued at $62,955,000 after buying an additional 32,002 shares during the period. Geode Capital Management LLC raised its holdings in Centrus Energy by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 346,860 shares of the company’s stock worth $63,545,000 after acquiring an additional 8,339 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Centrus Energy by 483.8% during the second quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock valued at $45,310,000 after buying an additional 204,983 shares during the last quarter. Granahan Investment Management LLC bought a new stake in shares of Centrus Energy in the first quarter worth approximately $13,440,000. Finally, First Trust Advisors LP raised its stake in Centrus Energy by 193.0% during the 2nd quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock valued at $24,616,000 after buying an additional 88,513 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LEU shares. Needham & Company LLC assumed coverage on shares of Centrus Energy in a report on Friday, December 5th. They issued a “buy” rating and a $357.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Centrus Energy in a research report on Thursday. UBS Group set a $245.00 price objective on shares of Centrus Energy in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. lowered their price target on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.36.

Centrus Energy Stock Performance

LEU stock opened at $249.35 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. The business has a 50-day moving average price of $312.16 and a 200 day moving average price of $244.62. Centrus Energy Corp. has a 1-year low of $49.40 and a 1-year high of $464.25. The company has a market capitalization of $4.54 billion, a P/E ratio of 37.90 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. Centrus Energy’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.30) EPS. As a group, equities research analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Centrus Energy 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.