Nordea Investment Management AB Takes Position in Centrus Energy Corp. $LEU

Nordea Investment Management AB bought a new position in Centrus Energy Corp. (NYSE:LEU) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,085 shares of the company’s stock, valued at approximately $5,427,000.

A number of other large investors also recently bought and sold shares of LEU. Geode Capital Management LLC grew its holdings in Centrus Energy by 2.5% in the second quarter. Geode Capital Management LLC now owns 346,860 shares of the company’s stock worth $63,545,000 after purchasing an additional 8,339 shares during the period. American Century Companies Inc. grew its stake in shares of Centrus Energy by 483.8% in the 2nd quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock worth $45,310,000 after buying an additional 204,983 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Centrus Energy by 193.0% in the 2nd quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock worth $24,616,000 after buying an additional 88,513 shares during the last quarter. Jump Financial LLC bought a new position in Centrus Energy during the 2nd quarter valued at approximately $19,142,000. Finally, HRT Financial LP raised its stake in Centrus Energy by 142.4% during the second quarter. HRT Financial LP now owns 95,247 shares of the company’s stock valued at $17,447,000 after buying an additional 55,946 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LEU shares. UBS Group set a $245.00 target price on Centrus Energy in a research note on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and set a $357.00 price objective on shares of Centrus Energy in a research report on Monday, December 22nd. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. B. Riley upped their target price on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, Northland Securities set a $325.00 price target on shares of Centrus Energy in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and an average target price of $253.33.

Centrus Energy Price Performance

LEU opened at $331.26 on Friday. The company’s 50-day simple moving average is $266.15 and its two-hundred day simple moving average is $264.36. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. The stock has a market capitalization of $6.03 billion, a P/E ratio of 50.34 and a beta of 1.24. Centrus Energy Corp. has a 52-week low of $49.40 and a 52-week high of $464.25.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. During the same quarter in the previous year, the firm earned ($0.30) EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. As a group, analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.

Centrus Energy Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.