Covea Finance Takes $970,000 Position in Centrus Energy Corp. $LEU

Covea Finance bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $970,000.

Several other institutional investors and hedge funds have also bought and sold shares of LEU. IFP Advisors Inc boosted its holdings in Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after purchasing an additional 41 shares during the period. Farther Finance Advisors LLC raised its position in shares of Centrus Energy by 15.1% in the third quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock worth $101,000 after buying an additional 43 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after buying an additional 45 shares in the last quarter. Allworth Financial LP boosted its stake in Centrus Energy by 23.2% during the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after buying an additional 45 shares during the period. Finally, Lido Advisors LLC grew its position in Centrus Energy by 4.2% during the third quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after buying an additional 46 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

LEU stock opened at $186.86 on Friday. The firm has a market cap of $3.68 billion, a P/E ratio of 44.81 and a beta of 1.26. The firm’s fifty day moving average is $242.84 and its 200 day moving average is $273.03. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $464.25. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $145.40 million. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on LEU shares. Needham & Company LLC restated a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. Evercore reiterated an “outperform” rating and set a $390.00 price target on shares of Centrus Energy in a research report on Monday, January 5th. Stifel Nicolaus set a $246.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a research note on Monday, December 29th. Finally, Citigroup dropped their target price on shares of Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.83.

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.