Harbour Investments Inc. Boosts Holdings in Centrus Energy Corp. $LEU

Harbour Investments Inc. lifted its stake in Centrus Energy Corp. (NYSE:LEU) by 1,181.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 205 shares of the company’s stock after acquiring an additional 189 shares during the period. Harbour Investments Inc.’s holdings in Centrus Energy were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. RFG Advisory LLC purchased a new position in shares of Centrus Energy in the 2nd quarter valued at $236,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Centrus Energy in the 2nd quarter valued at $786,000. CWM LLC grew its position in shares of Centrus Energy by 125.2% in the 2nd quarter. CWM LLC now owns 867 shares of the company’s stock valued at $159,000 after buying an additional 482 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Centrus Energy in the 2nd quarter valued at $713,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in Centrus Energy during the 2nd quarter worth $1,227,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Stock Up 11.3%

Shares of NYSE:LEU opened at $383.00 on Friday. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 86.85 and a beta of 1.51. The firm’s 50-day simple moving average is $281.51 and its 200-day simple moving average is $192.96. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The company’s revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. As a group, equities research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on LEU shares. HC Wainwright reissued a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Tuesday, August 26th. Evercore ISI raised their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Stifel Nicolaus started coverage on shares of Centrus Energy in a research report on Friday, July 11th. They set a “buy” rating and a $220.00 price objective on the stock. Bank of America reissued a “neutral” rating and set a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Centrus Energy from $150.00 to $164.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and an average target price of $202.09.

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.