Vontobel Holding Ltd. Lowers Position in Centrus Energy Corp. $LEU

Vontobel Holding Ltd. decreased its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 64.8% in the third quarter, Holdings Channel.com reports. The fund owned 2,035 shares of the company’s stock after selling 3,747 shares during the period. Vontobel Holding Ltd.’s holdings in Centrus Energy were worth $631,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in Centrus Energy by 157.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after purchasing an additional 112 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Centrus Energy in the second quarter worth about $35,000. Harbour Investments Inc. lifted its position in shares of Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after buying an additional 189 shares in the last quarter. Comerica Bank boosted its stake in Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Centrus Energy by 2,084.6% during the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock valued at $52,000 after buying an additional 271 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LEU. JPMorgan Chase & Co. reduced their price objective on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. B. Riley boosted their price target on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a research note on Tuesday, December 23rd. Needham & Company LLC reissued a “buy” rating and issued a $357.00 price objective on shares of Centrus Energy in a research note on Monday, December 22nd. Finally, UBS Group set a $245.00 target price on shares of Centrus Energy in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $247.91.

Centrus Energy Trading Down 2.1%

LEU stock opened at $254.81 on Monday. Centrus Energy Corp. has a twelve month low of $49.40 and a twelve month high of $464.25. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 38.73 and a beta of 1.33. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23. The firm’s fifty day simple moving average is $284.55 and its two-hundred day simple moving average is $253.16.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.19 EPS 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%.During the same quarter in the previous year, the firm earned ($0.30) EPS. The company’s revenue was up 29.8% on a year-over-year basis. As a group, analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.