Arcadia Wealth Management Inc. Decreases Stock Holdings in Centrus Energy Corp. $LEU

Arcadia Wealth Management Inc. lessened its stake in Centrus Energy Corp. (NYSE:LEU) by 38.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,000 shares of the company’s stock after selling 2,500 shares during the period. Centrus Energy comprises 0.8% of Arcadia Wealth Management Inc.’s portfolio, making the stock its 26th largest holding. Arcadia Wealth Management Inc.’s holdings in Centrus Energy were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in LEU. 360 Financial Inc. purchased a new stake in shares of Centrus Energy during the 2nd quarter worth $220,000. Clear Creek Financial Management LLC acquired a new stake in Centrus Energy during the 2nd quarter valued at $227,000. TB Alternative Assets Ltd. raised its stake in Centrus Energy by 125.1% in the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock valued at $29,112,000 after purchasing an additional 52,181 shares during the last quarter. Moody Aldrich Partners LLC purchased a new stake in shares of Centrus Energy in the third quarter valued at $3,024,000. Finally, Whalen Wealth Management Inc. purchased a new stake in Centrus Energy in the 2nd quarter valued at about $230,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEU has been the subject of a number of recent analyst reports. Evercore ISI restated an “outperform” rating and issued a $390.00 target price on shares of Centrus Energy in a report on Monday, January 5th. UBS Group set a $245.00 target price on Centrus Energy in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. Northland Securities set a $325.00 price objective on shares of Centrus Energy in a research note on Wednesday, January 7th. Finally, William Blair restated an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and an average target price of $253.33.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $278.39 on Friday. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $464.25. The firm has a market capitalization of $5.07 billion, a P/E ratio of 42.31 and a beta of 1.24. The firm’s 50 day moving average is $275.64 and its two-hundred day moving average is $272.06. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same quarter in the prior year, the firm earned ($0.30) earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis. Analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.