MYDA Advisors LLC Increases Stock Holdings in Centrus Energy Corp. $LEU

MYDA Advisors LLC increased its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 47.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Centrus Energy accounts for about 1.2% of MYDA Advisors LLC’s portfolio, making the stock its 20th largest position. MYDA Advisors LLC’s holdings in Centrus Energy were worth $6,069,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. lifted its position in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. RiverPark Advisors LLC acquired a new stake in Centrus Energy during the 3rd quarter worth about $33,000. Fulcrum Asset Management LLP acquired a new stake in Centrus Energy during the 3rd quarter worth about $34,000. Aventura Private Wealth LLC acquired a new stake in Centrus Energy during the 4th quarter worth about $30,000. Finally, Rothschild Investment LLC lifted its position in Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LEU. B. Riley Financial lowered their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Weiss Ratings cut Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. UBS Group lowered their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Citigroup lowered their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $268.18.

Centrus Energy Stock Performance

Shares of LEU stock opened at $162.73 on Monday. The stock has a market cap of $3.20 billion, a PE ratio of 53.88, a price-to-earnings-growth ratio of 19.86 and a beta of 1.34. The business has a 50-day simple moving average of $189.11 and a 200-day simple moving average of $225.37. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. Centrus Energy Corp. has a 52-week low of $144.65 and a 52-week high of $464.25.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.72. The business had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS. On average, equities analysts expect that Centrus Energy Corp. will post 2.74 EPS for the current year.

Insider Activity

In other news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

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.