FNY Investment Advisers LLC Takes $148,000 Position in Centrus Energy Corp. $LEU

FNY Investment Advisers LLC acquired a new stake in Centrus Energy Corp. (NYSE:LEU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 809 shares of the company’s stock, valued at approximately $148,000.

A number of other hedge funds also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft purchased a new stake in shares of Centrus Energy in the second quarter worth about $1,302,000. GC Wealth Management RIA LLC purchased a new stake in shares of Centrus Energy in the second quarter worth about $1,099,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Centrus Energy in the first quarter worth about $625,000. Clear Creek Financial Management LLC purchased a new stake in shares of Centrus Energy in the second quarter worth about $227,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Centrus Energy by 35.2% in the second quarter. Exchange Traded Concepts LLC now owns 73,112 shares of the company’s stock worth $13,393,000 after buying an additional 19,051 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LEU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Centrus Energy from $150.00 to $164.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Evercore ISI upped their price objective on Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Stifel Nicolaus assumed coverage on Centrus Energy in a research report on Friday, July 11th. They set a “buy” rating and a $220.00 price objective on the stock. Finally, Northland Capmk upgraded Centrus Energy to a “strong-buy” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Centrus Energy presently has a consensus rating of “Moderate Buy” and an average price target of $202.09.

Centrus Energy Trading Down 16.5%

LEU opened at $314.83 on Thursday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 71.39 and a beta of 1.51. The stock’s 50 day moving average price is $274.42 and its 200-day moving average price is $188.73. Centrus Energy Corp. has a one year low of $49.40 and a one year high of $464.25. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same quarter in the previous year, the business earned $1.89 EPS. The business’s revenue was down 18.3% on a year-over-year basis. On average, equities analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current year.

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.