Janney Montgomery Scott LLC Purchases 11,036 Shares of Centrus Energy Corp. $LEU

Janney Montgomery Scott LLC raised its position in Centrus Energy Corp. (NYSE:LEU) by 143.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,714 shares of the company’s stock after buying an additional 11,036 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of Centrus Energy worth $3,249,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its position in shares of Centrus Energy by 6.9% in the first quarter. Pictet Asset Management Holding SA now owns 2,835 shares of the company’s stock valued at $492,000 after acquiring an additional 184 shares during the period. OP Asset Management Ltd bought a new stake in Centrus Energy in the 1st quarter valued at about $100,000. Banque Cantonale Vaudoise grew its position in shares of Centrus Energy by 4.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,599 shares of the company’s stock worth $451,000 after purchasing an additional 99 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Centrus Energy by 1,033.3% during the 1st quarter. SG Americas Securities LLC now owns 42,521 shares of the company’s stock worth $7,381,000 after purchasing an additional 38,769 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Centrus Energy by 349.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 49,479 shares of the company’s stock worth $12,012,000 after purchasing an additional 38,472 shares during the period. Institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Roth Capital dropped their price target on shares of Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings lowered Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. B. Riley Financial dropped their price objective on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, Citigroup cut their target price on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $271.18.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $165.69 on Wednesday. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. The company has a market cap of $3.26 billion, a PE ratio of 54.86, a price-to-earnings-growth ratio of 21.29 and a beta of 1.35. The company has a 50 day moving average of $181.55 and a 200-day moving average of $215.28. Centrus Energy Corp. has a 1-year low of $144.65 and a 1-year high of $464.25.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $76.13 million. During the same period last year, the firm posted $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 forecast that Centrus Energy Corp. will post 2.74 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Todd M. Tinelli sold 306 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Centrus Energy Company 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.