83,127 Shares in Centrus Energy Corp. $LEU Purchased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership acquired a new position in Centrus Energy Corp. (NYSE:LEU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 83,127 shares of the company’s stock, valued at approximately $25,775,000. Artisan Partners Limited Partnership owned 0.46% of Centrus Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comerica Bank raised its position in shares of Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares in the last quarter. Royal Bank of Canada raised its holdings in Centrus Energy by 57.6% in the first quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after purchasing an additional 6,312 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Centrus Energy by 45.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after buying an additional 17,014 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Centrus Energy by 54.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,000 shares of the company’s stock worth $916,000 after buying an additional 1,762 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a research report on Monday, December 29th. Roth Mkm reaffirmed a “neutral” rating and set a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. Citigroup dropped their price target on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price objective on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Finally, Evercore reiterated an “outperform” rating and set a $390.00 price objective on shares of Centrus Energy in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $263.00.

Centrus Energy Stock Performance

Shares of LEU opened at $202.34 on Friday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 48.52 and a beta of 1.21. The business’s fifty day simple moving average is $263.53 and its two-hundred day simple moving average is $272.21. 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 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The business had revenue of $146.20 million for the quarter, compared to the consensus estimate of $145.40 million. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. Research 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 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.