Lifeworks Advisors LLC Acquires New Holdings in Centrus Energy Corp. $LEU

Lifeworks Advisors LLC acquired a new stake in Centrus Energy Corp. (NYSE:LEU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,566 shares of the company’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LEU. Stone House Investment Management LLC purchased a new stake in Centrus Energy in the 1st quarter valued at about $28,000. Nisa Investment Advisors LLC raised its holdings in Centrus Energy by 157.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares during the period. USA Financial Formulas purchased a new stake in Centrus Energy in the 2nd quarter valued at about $35,000. Harbour Investments Inc. raised its holdings in Centrus Energy by 1,181.3% in the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after buying an additional 189 shares during the period. Finally, Comerica Bank raised its holdings in Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LEU shares. William Blair restated an “outperform” rating on shares of Centrus Energy in a report on Wednesday, July 9th. UBS Group upgraded shares of Centrus Energy to a “hold” rating and set a $215.00 price target on the stock in a research note on Monday, July 21st. Northland Capmk upgraded shares of Centrus Energy to a “strong-buy” rating in a research note on Monday, July 7th. HC Wainwright reiterated a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. Finally, Bank of America reiterated a “neutral” rating and set a $285.00 price target (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $227.60.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $367.46 on Friday. Centrus Energy Corp. has a one year low of $49.40 and a one year high of $464.25. The company has a market cap of $6.69 billion, a PE ratio of 83.32 and a beta of 1.51. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The business has a 50-day simple moving average of $301.13 and a 200-day simple moving average of $205.64.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same quarter in the prior year, the firm earned $1.89 earnings per share. The business’s quarterly revenue was down 18.3% on a year-over-year basis. On average, equities research analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

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.