Centrus Energy Corp. $LEU Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Centrus Energy Corp. (NYSE:LEU) by 46.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,752 shares of the company’s stock after selling 3,300 shares during the quarter. SG Americas Securities LLC’s holdings in Centrus Energy were worth $911,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Centrus Energy by 8.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,452 shares of the company’s stock valued at $1,324,000 after buying an additional 438 shares during the period. Aventura Private Wealth LLC acquired a new stake in Centrus Energy during the fourth quarter valued at approximately $30,000. Covea Finance acquired a new stake in Centrus Energy during the fourth quarter valued at approximately $970,000. JPMorgan Chase & Co. lifted its stake in Centrus Energy by 309.0% during the third quarter. JPMorgan Chase & Co. now owns 34,754 shares of the company’s stock valued at $10,776,000 after purchasing an additional 26,257 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in Centrus Energy during the third quarter valued at approximately $1,092,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on LEU shares. UBS Group cut their target price on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a report on Monday, December 22nd. B. Riley Financial increased their price target on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Finally, Northland Securities set a $285.00 price target on Centrus Energy in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.64.

Centrus Energy Stock Down 5.0%

Shares of NYSE:LEU opened at $180.59 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59. The company has a market cap of $3.55 billion, a PE ratio of 43.31 and a beta of 1.35. Centrus Energy Corp. has a 52 week low of $58.81 and a 52 week high of $464.25. The firm has a 50 day simple moving average of $207.71 and a 200 day simple moving average of $268.96.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.63). The firm had revenue of $146.20 million during 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 business’s revenue was down 3.6% on a year-over-year basis. As a group, research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current 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.