Tcfg Wealth Management LLC Makes New $1.19 Million Investment in Centrus Energy Corp. $LEU

Tcfg Wealth Management LLC purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,845 shares of the company’s stock, valued at approximately $1,192,000.

A number of other large investors have also added to or reduced their stakes in LEU. Farther Finance Advisors LLC lifted its position in shares of Centrus Energy by 15.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock valued at $101,000 after buying an additional 43 shares in the last quarter. Rothschild Investment LLC increased its holdings in Centrus Energy by 54.9% in the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares in the last quarter. Lido Advisors LLC raised its stake in Centrus Energy by 4.2% during the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after acquiring an additional 46 shares during the period. ORG Partners LLC raised its stake in Centrus Energy by 59.4% during the 3rd quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $52,000 after acquiring an additional 63 shares during the period. Finally, Xponance Inc. lifted its holdings in Centrus Energy by 5.9% during the third quarter. Xponance Inc. now owns 1,231 shares of the company’s stock valued at $382,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Up 0.3%

Centrus Energy stock opened at $213.58 on Wednesday. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $464.25. The firm’s 50 day moving average price is $249.13 and its 200-day moving average price is $274.07. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.59 and a quick ratio of 4.83. The stock has a market cap of $4.20 billion, a P/E ratio of 51.22 and a beta of 1.26.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.63). The company had revenue of $146.20 million for the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Roth Mkm reissued a “neutral” rating and issued a $137.00 price objective on shares of Centrus Energy in a research note on Wednesday, February 11th. Northland Securities set a $285.00 target price on shares of Centrus Energy in a research note on Thursday, February 12th. Stifel Nicolaus set a $246.00 target price on shares of Centrus Energy in a report on Thursday, February 12th. Evercore reiterated an “outperform” rating and issued a $390.00 price target on shares of Centrus Energy in a research note on Monday, January 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $357.00 price target on shares of Centrus Energy in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.83.

About Centrus Energy

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.