6,386 Shares in Centrus Energy Corp. $LEU Bought by SummitTX Capital L.P.

SummitTX Capital L.P. bought a new stake in shares of Centrus Energy Corp. (NYSE:LEU) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,386 shares of the company’s stock, valued at approximately $1,109,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. grew its position in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Centrus Energy during the 3rd quarter valued at about $34,000. Leonteq Securities AG acquired a new position in shares of Centrus Energy in the 1st quarter valued at about $35,000. Hilton Head Capital Partners LLC acquired a new position in shares of Centrus Energy in the 4th quarter valued at about $36,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Centrus Energy in the fourth quarter worth about $39,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

NYSE:LEU opened at $159.55 on Thursday. Centrus Energy Corp. has a 52 week low of $142.13 and a 52 week high of $464.25. 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 stock has a market capitalization of $3.14 billion, a PE ratio of 52.83, a price-to-earnings-growth ratio of 20.45 and a beta of 1.35. The stock’s 50-day moving average price is $170.62 and its 200-day moving average price is $203.82.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.72. The firm had revenue of $76.70 million during the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.Centrus Energy’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. As a group, equities analysts expect that Centrus Energy Corp. will post 2.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on LEU shares. Roth Capital set a $171.00 target price on Centrus Energy in a report on Monday. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price objective on Centrus Energy from $236.00 to $178.00 and set a “neutral” rating on the stock in a research report on Wednesday. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $300.00 target price on shares of Centrus Energy in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.75.

Insider Buying and Selling

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

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.