Cibc World Market Inc. Grows Stock Holdings in Centrus Energy Corp. $LEU

Cibc World Market Inc. grew its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 131.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,907 shares of the company’s stock after purchasing an additional 3,350 shares during the period. Cibc World Market Inc.’s holdings in Centrus Energy were worth $1,434,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LEU. Comerica Bank lifted its holdings in shares of Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Centrus Energy by 57.6% during the first quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock valued at $1,074,000 after purchasing an additional 6,312 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 last quarter. Creative Planning purchased a new position in shares of Centrus Energy during the second quarter valued at approximately $435,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Centrus Energy by 12.1% during the second 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 during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

Shares of LEU opened at $156.47 on Wednesday. The company has a market capitalization of $3.08 billion, a P/E ratio of 51.81, a price-to-earnings-growth ratio of 20.25 and a beta of 1.34. 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 firm has a 50 day moving average of $190.24 and a 200 day moving average of $227.23. Centrus Energy Corp. has a twelve month low of $140.65 and a twelve month high of $464.25.

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 company had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Centrus Energy Corp. will post 2.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Northland Securities set a $285.00 price target on shares of Centrus Energy in a research report on Thursday, February 12th. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup reduced their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Roth Mkm reissued a “neutral” rating and set a $137.00 price target on shares of Centrus Energy in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.18.

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.