Lisanti Capital Growth LLC Cuts Stock Position in Centrus Energy Corp. $LEU

Lisanti Capital Growth LLC decreased its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 41.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,195 shares of the company’s stock after selling 7,930 shares during the quarter. Lisanti Capital Growth LLC owned about 0.06% of Centrus Energy worth $3,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 360 Financial Inc. bought a new position in shares of Centrus Energy during the 2nd quarter valued at approximately $220,000. Clear Creek Financial Management LLC purchased a new position in shares of Centrus Energy during the 2nd quarter worth about $227,000. TB Alternative Assets Ltd. raised its position in Centrus Energy by 125.1% in the 3rd 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 period. Moody Aldrich Partners LLC purchased a new position in shares of Centrus Energy during the third quarter valued at approximately $3,024,000. Finally, Whalen Wealth Management Inc. bought a new position in shares of Centrus Energy during the second quarter valued at approximately $230,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LEU has been the subject of a number of research analyst reports. Zacks Research raised Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Roth Mkm lifted their target price on Centrus Energy from $117.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. B. Riley lifted their price objective on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, UBS Group set a $245.00 target price on shares of Centrus Energy in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Centrus Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.33.

Centrus Energy Trading Down 7.7%

Shares of NYSE:LEU opened at $278.39 on Friday. The company has a market capitalization of $5.07 billion, a PE ratio of 42.31 and a beta of 1.24. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. Centrus Energy Corp. has a 12-month low of $49.40 and a 12-month high of $464.25. The business’s fifty day simple moving average is $275.64 and its 200-day simple moving average is $272.06.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. As a group, equities research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

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.