Vontobel Holding Ltd. Reduces Holdings in Centrus Energy Corp. $LEU

Vontobel Holding Ltd. reduced its stake in Centrus Energy Corp. (NYSE:LEUFree Report) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,782 shares of the company’s stock after selling 68 shares during the quarter. Vontobel Holding Ltd.’s holdings in Centrus Energy were worth $1,059,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new stake in Centrus Energy in the 1st quarter valued at $28,000. USA Financial Formulas purchased a new stake in Centrus Energy in the 2nd quarter valued at $35,000. Comerica Bank grew its holdings in Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Centrus Energy by 2,084.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock valued at $52,000 after buying an additional 271 shares in the last quarter. Finally, KBC Group NV purchased a new stake in Centrus Energy in the 1st quarter valued at $53,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

LEU opened at $363.71 on Monday. The stock’s 50-day moving average price is $246.78 and its 200 day moving average price is $172.13. Centrus Energy Corp. has a 12-month low of $49.40 and a 12-month high of $423.24. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 82.47 and a beta of 1.51.

Centrus Energy (NYSE:LEUGet Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $1.89 EPS. The company’s quarterly revenue was down 18.3% compared to the same quarter last year. As a group, sell-side analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on LEU. William Blair restated an “outperform” rating on shares of Centrus Energy in a report on Wednesday, July 9th. Bank of America restated a “neutral” rating and issued a $285.00 target price (up from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. B. Riley reaffirmed a “buy” rating and issued a $221.00 price target (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. UBS Group raised Centrus Energy to a “hold” rating and set a $215.00 price target on the stock in a research note on Monday, July 21st. Finally, Stifel Nicolaus began coverage on Centrus Energy in a research note on Friday, July 11th. They issued a “buy” rating and a $220.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and an average target price of $202.09.

Check Out Our Latest Stock Analysis on Centrus Energy

Centrus Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Centrus Energy (NYSE:LEU)

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