Centrus Energy Corp. $LEU Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 43.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 473,145 shares of the company’s stock after purchasing an additional 143,069 shares during the period. Bank of New York Mellon Corp’s holdings in Centrus Energy were worth $114,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after buying an additional 194,909 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Centrus Energy by 25.9% in the third quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock valued at $242,161,000 after acquiring an additional 160,482 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Centrus Energy by 16,538.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $24,598,000 after acquiring an additional 100,717 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Centrus Energy by 8.8% in the third quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock worth $332,432,000 after acquiring an additional 86,509 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Centrus Energy during the third quarter worth approximately $25,775,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. B. Riley Financial dropped their target price on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. UBS Group reduced their target price on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. Weiss Ratings downgraded shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus set a $246.00 price target on shares of Centrus Energy in a research report on Thursday, February 12th. One research 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 company. According to MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and a consensus price target of $268.18.

Centrus Energy Stock Down 0.1%

Shares of LEU opened at $161.69 on Monday. Centrus Energy Corp. has a 52-week low of $133.00 and a 52-week high of $464.25. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The stock has a fifty day simple moving average of $191.35 and a two-hundred day simple moving average of $228.57. The company has a market capitalization of $3.18 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 20.01 and a beta of 1.34.

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

Insiders Place Their Bets

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

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.