ProShare Advisors LLC Invests $556,000 in Centrus Energy Corp. $LEU

ProShare Advisors LLC bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 3,033 shares of the company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LEU. Stone House Investment Management LLC acquired a new position in Centrus Energy during the first quarter valued at approximately $28,000. Nisa Investment Advisors LLC increased its position in shares of Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after acquiring an additional 112 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Centrus Energy in the 2nd quarter valued at $35,000. Harbour Investments Inc. lifted its holdings in shares of Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after acquiring an additional 189 shares in the last quarter. Finally, Comerica Bank boosted its position in Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

LEU has been the topic of several research reports. Bank of America reissued a “neutral” rating and issued a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. HC Wainwright reiterated a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. Northland Securities set a $275.00 target price on Centrus Energy in a report on Thursday, August 7th. JPMorgan Chase & Co. decreased their price target on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Evercore ISI increased their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.60.

Centrus Energy Trading Up 0.2%

NYSE:LEU opened at $246.08 on Wednesday. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 55.80 and a beta of 1.56. 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. The business’s 50-day simple moving average is $320.48 and its 200 day simple moving average is $224.81.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.The business’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.30) EPS. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

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.