Kovitz Investment Group Partners LLC Takes Position in Centrus Energy Corp. (NYSE:LEU)

Kovitz Investment Group Partners LLC purchased a new position in Centrus Energy Corp. (NYSE:LEU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,890 shares of the company’s stock, valued at approximately $1,639,000. Kovitz Investment Group Partners LLC owned approximately 0.18% of Centrus Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sara Bay Financial lifted its position in shares of Centrus Energy by 3.9% during the 2nd quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after buying an additional 12,514 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of Centrus Energy by 10.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company’s stock valued at $244,000 after purchasing an additional 525 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after purchasing an additional 176,431 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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. Finally, nVerses Capital LLC lifted its holdings in Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 49.96% of the company’s stock.

Analyst Ratings Changes

LEU has been the subject of several recent analyst reports. B. Riley raised their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Roth Mkm cut their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Trading Down 1.0 %

LEU stock opened at $71.86 on Wednesday. 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 Corp. has a twelve month low of $33.51 and a twelve month high of $118.36. The company has a market cap of $1.18 billion, a P/E ratio of 15.00 and a beta of 1.12. The business has a fifty day moving average of $80.45 and a 200-day moving average of $56.04.

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

Centrus Energy Company 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.