SeaCrest Wealth Management LLC Boosts Stake in Centrus Energy Corp. (NYSE:LEU)

SeaCrest Wealth Management LLC increased its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 131.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,715 shares of the company’s stock after buying an additional 6,645 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Centrus Energy were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in shares of Centrus Energy in the second quarter valued at about $42,000. Heritage Investors Management Corp purchased a new stake in Centrus Energy in the third quarter valued at approximately $203,000. CWA Asset Management Group LLC acquired a new position in Centrus Energy in the 3rd quarter worth approximately $244,000. Janus Henderson Group PLC purchased a new position in Centrus Energy during the 3rd quarter worth approximately $250,000. Finally, SG Americas Securities LLC acquired a new stake in Centrus Energy during the 3rd quarter valued at approximately $281,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LEU. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. B. Riley boosted their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Roth Mkm lowered their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Up 5.4 %

LEU opened at $73.62 on Thursday. The company has a fifty day moving average of $76.03 and a two-hundred day moving average of $60.86. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 15.37 and a beta of 1.17. Centrus Energy Corp. has a fifty-two week low of $33.51 and a fifty-two week high of $118.36. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Centrus Energy (NYSE:LEU) last announced its quarterly 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). The business had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. On average, research analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

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.