JPMorgan Chase & Co. Buys 26,257 Shares of Centrus Energy Corp. $LEU

JPMorgan Chase & Co. raised its stake in Centrus Energy Corp. (NYSE:LEU) by 309.0% during the third quarter, HoldingsChannel reports. The fund owned 34,754 shares of the company’s stock after buying an additional 26,257 shares during the period. JPMorgan Chase & Co.’s holdings in Centrus Energy were worth $10,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc raised its position in shares of Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after purchasing an additional 41 shares during the last quarter. Farther Finance Advisors LLC grew its position in Centrus Energy by 15.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock valued at $101,000 after purchasing an additional 43 shares during the last quarter. Rothschild Investment LLC increased its stake in Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. Allworth Financial LP raised its holdings in Centrus Energy by 23.2% in the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after buying an additional 45 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of Centrus Energy by 4.2% in the third quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after buying an additional 46 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LEU has been the subject of a number of recent analyst reports. B. Riley Financial boosted their price objective on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Evercore reiterated an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a research note on Monday, January 5th. UBS Group decreased their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. 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 report on Thursday, February 5th. Finally, Northland Securities set a $285.00 price objective on Centrus Energy in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Centrus Energy has an average rating of “Moderate Buy” and an average price target of $258.83.

Centrus Energy Trading Down 5.1%

NYSE:LEU opened at $183.37 on Friday. Centrus Energy Corp. has a one year low of $49.40 and a one year high of $464.25. The business has a fifty day moving average price of $230.98 and a 200-day moving average price of $273.03. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 43.97 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 posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). The company had revenue of $146.20 million for the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. Sell-side analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current year.

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.