Nordea Investment Management AB Invests $5.43 Million in Centrus Energy Corp. $LEU

Nordea Investment Management AB bought a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,085 shares of the company’s stock, valued at approximately $5,427,000. Nordea Investment Management AB owned about 0.09% of Centrus Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LEU. Comerica Bank grew its stake in shares of Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares during the last quarter. Royal Bank of Canada boosted its holdings in Centrus Energy by 57.6% during the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock valued at $1,074,000 after acquiring an additional 6,312 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Centrus Energy by 45.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock worth $3,379,000 after purchasing an additional 17,014 shares during the period. Rhumbline Advisers increased its stake in Centrus Energy by 2.1% in the 1st quarter. Rhumbline Advisers now owns 21,870 shares of the company’s stock worth $1,361,000 after purchasing an additional 441 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Centrus Energy by 12.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,236 shares of the company’s stock valued at $1,271,000 after purchasing an additional 787 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Trading Up 8.2%

NYSE:LEU opened at $331.26 on Friday. The company has a 50-day moving average price of $266.15 and a 200-day moving average price of $264.36. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 50.34 and a beta of 1.24.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results 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%. During the same quarter in the previous year, the firm posted ($0.30) EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. Equities analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LEU shares. JPMorgan Chase & Co. cut their target price on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Roth Capital increased their price target on shares of Centrus Energy from $117.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $357.00 price objective on shares of Centrus Energy in a research report on Monday, December 22nd. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Northland Securities set a $325.00 target price on Centrus Energy in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.33.

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.