Quantitative Investment Management LLC Sells 3,636 Shares of Centrus Energy Corp. $LEU

Quantitative Investment Management LLC trimmed its position in Centrus Energy Corp. (NYSE:LEU) by 70.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,511 shares of the company’s stock after selling 3,636 shares during the period. Quantitative Investment Management LLC’s holdings in Centrus Energy were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vermillion Wealth Management Inc. raised its position in shares of Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Western Wealth Management LLC purchased a new position in Centrus Energy during the first quarter worth about $31,000. Fulcrum Asset Management LLP bought a new position in Centrus Energy in the 3rd quarter worth about $34,000. Leonteq Securities AG bought a new position in Centrus Energy in the 1st quarter worth about $35,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Centrus Energy in the 4th quarter valued at about $36,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LEU. Weiss Ratings reiterated a “hold (c-)” rating on shares of Centrus Energy in a research report on Tuesday, August 4th. Citigroup decreased their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Needham & Company LLC lowered their target price on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Stifel Nicolaus dropped their target price on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Finally, UBS Group boosted their price target on shares of Centrus Energy from $170.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.00.

Centrus Energy Trading Up 2.4%

NYSE LEU opened at $172.31 on Thursday. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The stock’s 50-day simple moving average is $174.12 and its two-hundred day simple moving average is $185.64. Centrus Energy Corp. has a twelve month low of $142.13 and a twelve month high of $464.25. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 78.32, a PEG ratio of 21.71 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. The firm had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.Centrus Energy’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 earnings per share. Research analysts forecast that Centrus Energy Corp. will post 2.59 EPS for the current fiscal year.

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.