Geode Capital Management LLC Has $17.55 Million Holdings in Centrus Energy Corp. (NYSE:LEU)

Geode Capital Management LLC raised its position in Centrus Energy Corp. (NYSE:LEU) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,935 shares of the company’s stock after purchasing an additional 15,080 shares during the quarter. Geode Capital Management LLC’s holdings in Centrus Energy were worth $17,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in Centrus Energy in the 2nd quarter valued at $42,000. nVerses Capital LLC increased its position in shares of Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after purchasing an additional 1,754 shares in the last quarter. Heritage Investors Management Corp acquired a new stake in shares of Centrus Energy in the 3rd quarter valued at approximately $203,000. Finally, CWA Asset Management Group LLC bought a new position in shares of Centrus Energy in the third quarter valued at $244,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

NYSE LEU opened at $70.71 on Monday. The firm has a 50-day moving average price of $81.27 and a two-hundred day moving average price of $58.29. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $118.36. The company has a market capitalization of $1.16 billion, a P/E ratio of 14.76 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. Analysts anticipate that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LEU. B. Riley upped their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Roth Mkm dropped their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Centrus Energy presently has an average rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.