Exchange Traded Concepts LLC Boosts Stock Position in Centrus Energy Corp. (NYSE:LEU)

Exchange Traded Concepts LLC grew its position in Centrus Energy Corp. (NYSE:LEU) by 290.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,040 shares of the company’s stock after buying an additional 52,866 shares during the period. Exchange Traded Concepts LLC owned 0.43% of Centrus Energy worth $4,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Diamond Hill Capital Management Inc. raised its stake in Centrus Energy by 22.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock valued at $6,822,000 after buying an additional 22,605 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Centrus Energy in the 3rd quarter valued at approximately $281,000. The Manufacturers Life Insurance Company acquired a new stake in Centrus Energy in the 2nd quarter worth approximately $233,000. Vontobel Holding Ltd. grew its position in Centrus Energy by 17.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock worth $303,000 after purchasing an additional 815 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after buying an additional 51,836 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Down 2.3 %

LEU opened at $92.00 on Friday. The company has a fifty day moving average of $76.08 and a two-hundred day moving average of $62.84. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 18.96 and a beta of 1.17. Centrus Energy Corp. has a fifty-two week low of $33.51 and a fifty-two week high of $118.36. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Centrus Energy (NYSE:LEU) last announced its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The business had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. On average, research analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LEU shares. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. B. Riley lifted their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Roth Mkm reduced their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Centrus Energy has a consensus rating of “Hold” and a consensus price target of $92.00.

About Centrus Energy

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.