Legacy Bridge LLC Purchases Shares of 9,870 Centrus Energy Corp. (NYSE:LEU)

Legacy Bridge LLC acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the 4th quarter, Holdings Channel reports. The fund acquired 9,870 shares of the company’s stock, valued at approximately $657,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in Centrus Energy in the 2nd quarter valued at about $42,000. Heritage Investors Management Corp acquired a new position in Centrus Energy during the third quarter worth approximately $203,000. CWA Asset Management Group LLC purchased a new position in Centrus Energy during the third quarter worth approximately $244,000. Janus Henderson Group PLC acquired a new position in shares of Centrus Energy in the 3rd quarter valued at $250,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Centrus Energy during the 3rd quarter valued at $281,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

Shares of LEU stock opened at $78.19 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The company’s fifty day moving average price is $76.08 and its two-hundred day moving average price is $63.14. The firm has a market capitalization of $1.28 billion, a P/E ratio of 18.96 and a beta of 1.17. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $118.36.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The business had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. On average, research analysts anticipate that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LEU. B. Riley lifted their target price on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Roth Mkm reduced their price target on shares of 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.