WIM INVESTMENT MANAGEMENT Ltd Purchases New Shares in Centrus Energy Corp. $LEU

WIM INVESTMENT MANAGEMENT Ltd acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 20,400 shares of the company’s stock, valued at approximately $4,952,000. Centrus Energy makes up about 1.3% of WIM INVESTMENT MANAGEMENT Ltd’s holdings, making the stock its 13th biggest holding.

Other large investors have also added to or reduced their stakes in the company. RiverPark Advisors LLC purchased a new stake in Centrus Energy during the third quarter worth about $33,000. Fulcrum Asset Management LLP purchased a new stake in Centrus Energy during the third quarter worth about $34,000. Aventura Private Wealth LLC purchased a new stake in Centrus Energy during the fourth quarter worth about $30,000. Rothschild Investment LLC increased its holdings in Centrus Energy by 54.9% during the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after buying an additional 45 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Centrus Energy during the third quarter worth about $41,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

LEU has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. JPMorgan Chase & Co. decreased their price objective on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. B. Riley Financial decreased their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Weiss Ratings downgraded shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Northland Securities set a $285.00 price objective on shares of Centrus Energy in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $268.18.

Centrus Energy Price Performance

LEU opened at $192.85 on Thursday. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 63.86, a PEG ratio of 20.59 and a beta of 1.43. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The firm has a 50-day moving average price of $198.16 and a 200-day moving average price of $245.00. Centrus Energy Corp. has a twelve month low of $90.25 and a twelve month high of $464.25.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. The firm had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. Equities analysts expect that Centrus Energy Corp. will post 2.59 EPS for the current year.

Insider Buying and Selling at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

Centrus Energy Company 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.