Goehring & Rozencwajg Associates LLC Raises Stock Position in Centrus Energy Corp. $LEU

Goehring & Rozencwajg Associates LLC increased its position in shares of Centrus Energy Corp. (NYSE:LEU) by 18.1% in the 1st quarter, HoldingsChannel reports. The fund owned 202,058 shares of the company’s stock after acquiring an additional 30,944 shares during the period. Centrus Energy makes up about 1.9% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 18th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Centrus Energy were worth $35,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vermillion Wealth Management Inc. boosted its stake in Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy during the third quarter worth $34,000. Aventura Private Wealth LLC purchased a new stake in shares of Centrus Energy during the 4th quarter valued at $30,000. IFP Advisors Inc boosted its position in shares of Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after purchasing an additional 41 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Centrus Energy in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. B. Riley Financial dropped their target price on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Needham & Company LLC initiated coverage on Centrus Energy in a report on Thursday, July 9th. They issued a “buy” rating and a $264.00 price target for the company. Truist Financial started coverage on shares of Centrus Energy in a report on Monday. They set a “buy” rating and a $215.00 price objective on the stock. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Roth Capital dropped their target price on shares of Centrus Energy from $230.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

Insider Buying and Selling at Centrus Energy

In related news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.72% of the stock is currently owned by company insiders.

Centrus Energy Stock Down 1.6%

Shares of LEU stock opened at $156.78 on Thursday. 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 stock has a 50 day moving average of $175.91 and a 200 day moving average of $211.44. Centrus Energy Corp. has a twelve month low of $144.65 and a twelve month high of $464.25. The stock has a market cap of $3.08 billion, a P/E ratio of 51.92, a P/E/G ratio of 19.80 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. During the same period in the previous year, the business earned $1.60 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that Centrus Energy Corp. will post 2.69 EPS for the current year.

Centrus Energy 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.