Portland Investment Counsel Inc. Grows Stock Holdings in Centrus Energy Corp. (NYSE:LEU)

Portland Investment Counsel Inc. lifted its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Portland Investment Counsel Inc.’s holdings in Centrus Energy were worth $439,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Diamond Hill Capital Management Inc. boosted its stake in Centrus Energy by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock worth $6,822,000 after buying an additional 22,605 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Centrus Energy during the 3rd quarter worth $281,000. The Manufacturers Life Insurance Company acquired a new position in shares of Centrus Energy during the 2nd quarter valued at about $233,000. Vontobel Holding Ltd. grew its holdings in shares of Centrus Energy by 17.3% in the third quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock valued at $303,000 after purchasing an additional 815 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after purchasing an additional 51,836 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

Shares of LEU opened at $90.66 on Friday. The firm has a 50-day simple moving average of $77.41 and a two-hundred day simple moving average of $54.43. The stock has a market cap of $1.49 billion, a PE ratio of 18.93 and a beta of 1.19. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $118.36. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

Centrus Energy (NYSE:LEU) last posted its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The company had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. As a group, analysts forecast that Centrus Energy Corp. will post 2.28 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. B. Riley increased their price objective on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Roth Mkm reduced their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Profile

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.