Sara Bay Financial Reduces Holdings in Centrus Energy Corp. $LEU

Sara Bay Financial lowered its holdings in shares of Centrus Energy Corp. (NYSE:LEU – Free Report) by 22.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 155,904 shares of the company’s stock after selling 46,395 shares during the period. Centrus Energy accounts for approximately 11.5% of Sara Bay Financial’s holdings, making the stock its 3rd largest position. Sara Bay Financial owned about 0.86% of Centrus Energy worth $38,513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LEU. Vanguard Group Inc. lifted its position in shares of Centrus Energy by 8.8% in the third quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock valued at $332,432,000 after buying an additional 86,509 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Centrus Energy by 6.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,477 shares of the company’s stock worth $290,376,000 after acquiring an additional 58,634 shares during the period. Van ECK Associates Corp increased its holdings in shares of Centrus Energy by 25.9% during the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after acquiring an additional 160,482 shares during the last quarter. American Century Companies Inc. raised its stake in Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after acquiring an additional 194,909 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Centrus Energy by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 358,799 shares of the company’s stock valued at $111,260,000 after acquiring an additional 10,333 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $182.83 on Friday. The business has a fifty day moving average price of $217.79 and a two-hundred day moving average price of $271.00. The stock has a market capitalization of $3.60 billion, a PE ratio of 43.84 and a beta of 1.35. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.59 and a quick ratio of 4.83. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25.

Centrus Energy (NYSE:LEU – Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The firm had revenue of $146.20 million during the quarter, compared to analyst estimates of $145.40 million. The business’s revenue was down 3.6% on a year-over-year basis. As a group, equities analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LEU shares. Stifel Nicolaus set a $246.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. B. Riley Financial increased their price objective on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Zacks Research cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a report on Monday, December 22nd. Finally, Citigroup decreased their price target on shares of Centrus Energy from $292.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.64.

Check Out Our Latest Research Report on Centrus Energy

About Centrus Energy

(Free Report)

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.

Further Reading

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