American Century Companies Inc. Boosts Holdings in Centrus Energy Corp. $LEU

American Century Companies Inc. increased its position in Centrus Energy Corp. (NYSE:LEU) by 78.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,261 shares of the company’s stock after purchasing an additional 194,909 shares during the period. American Century Companies Inc.’s holdings in Centrus Energy were worth $137,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jump Financial LLC purchased a new position in Centrus Energy in the second quarter worth about $19,142,000. Franklin Resources Inc. bought a new stake in shares of Centrus Energy during the second quarter valued at approximately $16,324,000. First Trust Advisors LP raised its holdings in 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 last quarter. Vanguard Group Inc. lifted its position in Centrus Energy by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock valued at $332,432,000 after acquiring an additional 86,509 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Centrus Energy during the 3rd quarter valued at $25,775,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Down 4.1%

Shares of LEU stock opened at $202.34 on Monday. 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 Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. The stock has a market cap of $3.98 billion, a P/E ratio of 48.52 and a beta of 1.26. The company has a 50 day simple moving average of $263.53 and a two-hundred day simple moving average of $272.81.

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

Wall Street Analyst Weigh In

LEU has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $357.00 price target on shares of Centrus Energy in a research note on Monday, December 22nd. Roth Mkm reiterated a “neutral” rating and issued a $137.00 price objective on shares of Centrus Energy in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a research note on Monday, December 29th. Evercore reaffirmed an “outperform” rating and set a $390.00 price target on shares of Centrus Energy in a report on Monday, January 5th. Finally, William Blair reissued an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Centrus Energy presently 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.