Van ECK Associates Corp Purchases 160,482 Shares of Centrus Energy Corp. $LEU

Van ECK Associates Corp lifted its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 25.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 780,986 shares of the company’s stock after purchasing an additional 160,482 shares during the quarter. Van ECK Associates Corp’s holdings in Centrus Energy were worth $242,161,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. TB Alternative Assets Ltd. boosted its stake in shares of Centrus Energy by 125.1% during the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock worth $29,112,000 after acquiring an additional 52,181 shares in the last quarter. Moody Aldrich Partners LLC bought a new position in shares of Centrus Energy in the 3rd quarter valued at approximately $3,024,000. American Century Companies Inc. lifted its holdings in Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after purchasing an additional 194,909 shares during the last quarter. Nordea Investment Management AB acquired a new position in Centrus Energy during the third quarter valued at approximately $5,427,000. Finally, Prospera Financial Services Inc bought a new position in shares of Centrus Energy in the second quarter valued at approximately $249,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Up 4.0%

LEU opened at $196.45 on Tuesday. The company has a market capitalization of $3.86 billion, a P/E ratio of 47.11 and a beta of 1.26. 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 firm’s fifty day moving average price is $256.40 and its two-hundred day moving average price is $273.63. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LEU shares. Zacks Research downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. lowered their price target on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. Citigroup decreased their target price on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $137.00 target price on shares of Centrus Energy in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $258.83.

Centrus Energy Profile

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.