Ellerson Group Inc. ADV Buys New Stake in Centrus Energy Corp. $LEU

Ellerson Group Inc. ADV purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,290 shares of the company’s stock, valued at approximately $3,501,000. Centrus Energy makes up about 2.2% of Ellerson Group Inc. ADV’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors have also bought and sold shares of LEU. 360 Financial Inc. purchased a new position in shares of Centrus Energy during the 2nd quarter worth about $220,000. TB Alternative Assets Ltd. raised its position in Centrus Energy by 125.1% in the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock worth $29,112,000 after purchasing an additional 52,181 shares during the period. Moody Aldrich Partners LLC bought a new stake in Centrus Energy in the third quarter worth about $3,024,000. Whalen Wealth Management Inc. purchased a new position in shares of Centrus Energy during the second quarter valued at approximately $230,000. Finally, Nordea Investment Management AB purchased a new position in shares of Centrus Energy during the third quarter valued at approximately $5,427,000. Institutional investors own 49.96% of the company’s stock.

Analyst Ratings Changes

LEU has been the subject of a number of research analyst reports. Roth Mkm reissued a “neutral” rating and set a $137.00 price target on shares of Centrus Energy in a research note on Wednesday, February 11th. Stifel Nicolaus set a $246.00 target price on Centrus Energy in a research note on Thursday, February 12th. Zacks Research lowered shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. William Blair restated an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. Finally, Northland Securities set a $285.00 price objective on shares of Centrus Energy in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $263.00.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $203.87 on Friday. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54. The stock’s fifty day moving average price is $266.46 and its 200-day moving average price is $272.87. The firm has a market cap of $3.71 billion, a P/E ratio of 48.89 and a beta of 1.21. 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 data on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). The business had revenue of $146.20 million during the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The firm’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal 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.