Allspring Global Investments Holdings LLC Has $2.75 Million Stock Holdings in Centrus Energy Corp. $LEU

Allspring Global Investments Holdings LLC raised its stake in Centrus Energy Corp. (NYSE:LEU) by 61.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,006 shares of the company’s stock after acquiring an additional 5,713 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Centrus Energy were worth $2,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comerica Bank raised its stake in shares of Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after acquiring an additional 560 shares during the last quarter. Royal Bank of Canada grew its position in shares of Centrus Energy by 57.6% during the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after buying an additional 6,312 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 purchasing an additional 17,014 shares during the period. Creative Planning bought a new stake in shares of Centrus Energy in the 2nd quarter valued at $435,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Centrus Energy by 12.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock valued at $1,556,000 after purchasing an additional 917 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LEU shares. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Truist Financial assumed coverage on shares of Centrus Energy in a research note on Monday, July 13th. They issued a “buy” rating and a $215.00 price target on the stock. Citigroup decreased their target price on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. UBS Group decreased their target price on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Finally, Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

Centrus Energy Price Performance

Centrus Energy stock opened at $164.18 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 54.36, a PEG ratio of 20.30 and a beta of 1.35. The stock’s 50 day moving average price is $170.74 and its two-hundred day moving average price is $207.39. Centrus Energy Corp. has a 52-week low of $142.13 and a 52-week high of $464.25.

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. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business had revenue of $76.70 million for the quarter, compared to the consensus estimate of $76.13 million. During the same period in the prior year, the business earned $1.60 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts predict that Centrus Energy Corp. will post 2.7 earnings per share for the current year.

Insider Buying and Selling at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. 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.