Centrus Energy Corp. $LEU Shares Bought by Allianz SE

Allianz SE grew its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 423.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,404 shares of the company’s stock after purchasing an additional 9,224 shares during the quarter. Allianz SE’s holdings in Centrus Energy were worth $3,536,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LEU. Vanguard Group Inc. grew its stake in Centrus Energy by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock worth $332,432,000 after buying an additional 86,509 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Centrus Energy by 2.5% during the second quarter. Geode Capital Management LLC now owns 346,860 shares of the company’s stock valued at $63,545,000 after acquiring an additional 8,339 shares during the period. American Century Companies Inc. grew 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 worth $45,310,000 after acquiring an additional 204,983 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Centrus Energy by 193.0% in the 2nd quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock worth $24,616,000 after acquiring an additional 88,513 shares during the period. Finally, Jump Financial LLC bought a new stake in Centrus Energy in the 2nd quarter valued at about $19,142,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Down 4.1%

Shares of LEU stock opened at $202.34 on Friday. The stock has a 50-day simple moving average of $263.53 and a 200 day simple moving average of $271.83. The stock has a market capitalization of $3.98 billion, a P/E ratio of 48.52 and a beta of 1.21. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The company has a quick ratio of 4.83, a current ratio of 5.59 and a debt-to-equity ratio of 1.54.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.63). The business had revenue of $146.20 million for the quarter, compared to analyst estimates of $145.40 million. Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. Centrus Energy’s revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LEU shares. JPMorgan Chase & Co. dropped their price target on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. B. Riley Financial raised their target price on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Roth Mkm reissued a “neutral” rating and issued a $137.00 price target on shares of Centrus Energy in a research note on Wednesday, February 11th. Finally, Evercore reissued an “outperform” rating and set a $390.00 price target on shares of Centrus Energy in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $263.00.

Centrus Energy Company 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.