360 Financial Inc. Takes Position in Centrus Energy Corp. $LEU

360 Financial Inc. purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,200 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Centrus Energy during the 2nd quarter valued at $1,271,000. Sigma Planning Corp bought a new position in shares of Centrus Energy during the 2nd quarter valued at $485,000. Lifeworks Advisors LLC bought a new position in shares of Centrus Energy during the 2nd quarter valued at $287,000. Integrity Alliance LLC. bought a new position in shares of Centrus Energy during the 2nd quarter valued at $315,000. Finally, HBK Sorce Advisory LLC bought a new position in shares of Centrus Energy during the 2nd quarter valued at $233,000. 49.96% of the stock is owned by institutional investors.

Centrus Energy Price Performance

NYSE:LEU opened at $327.20 on Wednesday. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The business’s 50-day simple moving average is $306.66 and its two-hundred day simple moving average is $210.40. The stock has a market cap of $5.96 billion, a PE ratio of 74.20 and a beta of 1.51. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $464.25.

Centrus Energy (NYSE:LEU) last posted its quarterly 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%.The company’s revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS. As a group, analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LEU. Northland Securities set a $275.00 price target on Centrus Energy in a report on Thursday, August 7th. Stifel Nicolaus initiated coverage on Centrus Energy in a research report on Friday, July 11th. They set a “buy” rating and a $220.00 target price on the stock. UBS Group upgraded Centrus Energy to a “hold” rating and set a $215.00 target price on the stock in a research report on Monday, July 21st. HC Wainwright reiterated a “buy” rating and set a $300.00 target price on shares of Centrus Energy in a research report on Tuesday, August 26th. Finally, William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Centrus Energy currently has an average rating of “Moderate Buy” and a consensus price target of $227.60.

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.