Tcfg Wealth Management LLC Purchases Shares of 3,845 Centrus Energy Corp. $LEU

Tcfg Wealth Management LLC acquired a new position in Centrus Energy Corp. (NYSE:LEU) during the third quarter, HoldingsChannel reports. The institutional investor acquired 3,845 shares of the company’s stock, valued at approximately $1,192,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LEU. TB Alternative Assets Ltd. increased its position in Centrus Energy by 125.1% in the third quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock worth $29,112,000 after purchasing an additional 52,181 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Centrus Energy in the 3rd quarter worth about $3,024,000. American Century Companies Inc. raised its position in shares of Centrus Energy by 78.8% during the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after buying an additional 194,909 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Centrus Energy during the 3rd quarter valued at about $5,427,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Centrus Energy by 309.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,754 shares of the company’s stock valued at $10,776,000 after acquiring an additional 26,257 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Up 0.3%

Shares of NYSE LEU opened at $213.58 on Wednesday. Centrus Energy Corp. has a 1 year low of $49.40 and a 1 year high of $464.25. The firm has a 50-day simple moving average of $249.13 and a two-hundred day simple moving average of $274.07. The company has a market cap of $4.20 billion, a P/E ratio of 51.22 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.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LEU shares. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Roth Mkm reaffirmed a “neutral” rating and issued a $137.00 price objective on shares of Centrus Energy in a research note on Wednesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a report on Monday, December 22nd. Evercore reissued an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a research report on Monday, January 5th. Finally, 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. One 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.83.

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.