AE Wealth Management LLC Buys 5,251 Shares of Centrus Energy Corp. $LEU

AE Wealth Management LLC increased its stake in Centrus Energy Corp. (NYSE:LEU) by 23.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 27,216 shares of the company’s stock after acquiring an additional 5,251 shares during the period. AE Wealth Management LLC’s holdings in Centrus Energy were worth $8,439,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Centrus Energy during the 3rd quarter worth approximately $41,000. ORG Partners LLC raised its holdings in Centrus Energy by 59.4% in the third quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $52,000 after purchasing an additional 63 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Centrus Energy by 157.7% during the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares during the period. USA Financial Formulas bought a new stake in shares of Centrus Energy during the 2nd quarter valued at $35,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after buying an additional 189 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

Centrus Energy Stock Performance

Shares of LEU opened at $278.39 on Friday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 42.31 and a beta of 1.24. The business’s fifty day simple moving average is $275.64 and its two-hundred day simple moving average is $272.06. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. 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 (NYSE:LEU) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. During the same period in the prior year, the company earned ($0.30) EPS. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. Research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LEU has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. UBS Group set a $245.00 target price on shares of Centrus Energy in a research note on Tuesday, November 25th. Evercore ISI reiterated an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a report on Monday, January 5th. B. Riley boosted their price target on Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $357.00 price objective on shares of Centrus Energy in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.33.

Centrus Energy 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.