BI Asset Management Fondsmaeglerselskab A S Takes Position in Centrus Energy Corp. $LEU

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,342 shares of the company’s stock, valued at approximately $4,938,000.

Other institutional investors also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC purchased a new stake in Centrus Energy in the 4th quarter valued at $30,000. RiverPark Advisors LLC acquired a new position in Centrus Energy in the third quarter valued at $33,000. Fulcrum Asset Management LLP purchased a new stake in shares of Centrus Energy in the third quarter valued at about $34,000. Rothschild Investment LLC raised its holdings in shares of Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Centrus Energy during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Stifel Nicolaus set a $246.00 price objective on Centrus Energy in a research report on Thursday, February 12th. Northland Securities set a $285.00 target price on Centrus Energy in a research note on Thursday, February 12th. Roth Mkm reissued a “neutral” rating and issued a $137.00 target price on shares of Centrus Energy in a report on Wednesday, February 11th. Finally, Weiss Ratings cut Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $268.18.

Centrus Energy Price Performance

Centrus Energy stock opened at $161.69 on Monday. The company has a market cap of $3.18 billion, a P/E ratio of 53.54, a price-to-earnings-growth ratio of 20.01 and a beta of 1.34. Centrus Energy Corp. has a one year low of $133.00 and a one year high of $464.25. The business has a fifty day moving average of $191.35 and a two-hundred day moving average of $228.57. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. The business had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 EPS. As a group, analysts predict that Centrus Energy Corp. will post 2.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

About Centrus Energy

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.