Graham Capital Management L.P. Makes New $591,000 Investment in Centrus Energy Corp. (NYSE:LEU)

Graham Capital Management L.P. acquired a new stake in Centrus Energy Corp. (NYSE:LEU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,875 shares of the company’s stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Deutsche Bank AG increased its stake in Centrus Energy by 70.8% in the fourth quarter. Deutsche Bank AG now owns 14,385 shares of the company’s stock valued at $958,000 after purchasing an additional 5,963 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Centrus Energy in the 4th quarter valued at $10,367,000. Cetera Investment Advisers acquired a new stake in Centrus Energy during the 4th quarter worth $236,000. Brevan Howard Capital Management LP purchased a new stake in Centrus Energy in the fourth quarter valued at $1,509,000. Finally, Balyasny Asset Management L.P. lifted its position in Centrus Energy by 24.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 37,173 shares of the company’s stock valued at $2,476,000 after acquiring an additional 7,247 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Insider Buying and Selling at Centrus Energy

In related news, SVP John M. A. Donelson sold 3,732 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $96.31 on Friday. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95. The company has a 50-day moving average price of $70.99 and a 200 day moving average price of $79.34. The company has a market cap of $1.61 billion, a P/E ratio of 21.84 and a beta of 1.14. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same period in the previous year, the company posted ($0.38) earnings per share. The firm’s revenue was up 67.3% compared to the same quarter last year. Research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Monday, February 10th. Craig Hallum initiated coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price objective for the company. HC Wainwright initiated coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 target price on the stock. Citigroup assumed coverage on Centrus Energy in a research report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price target on the stock. Finally, Evercore ISI began coverage on Centrus Energy in a research report on Wednesday. They set an “outperform” rating and a $145.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.67.

About Centrus Energy

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.