Axim Planning & Wealth Takes $200,000 Position in Centrus Energy Corp. $LEU

Axim Planning & Wealth bought a new stake in shares of Centrus Energy Corp. (NYSE:LEU) in the 2nd quarter, Holdings Channel reports. The firm bought 1,092 shares of the company’s stock, valued at approximately $200,000.

Several other large investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its holdings in Centrus Energy by 157.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after acquiring an additional 112 shares during the last quarter. USA Financial Formulas purchased a new position in Centrus Energy in the 2nd quarter worth approximately $35,000. Harbour Investments Inc. raised its holdings in Centrus Energy by 1,181.3% in the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after acquiring an additional 189 shares during the last quarter. Farther Finance Advisors LLC raised 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 worth $52,000 after acquiring an additional 271 shares during the last quarter. Finally, Stone House Investment Management LLC purchased a new position in Centrus Energy in the 1st quarter worth approximately $28,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

Shares of LEU opened at $327.20 on Wednesday. The firm has a market cap of $5.96 billion, a PE ratio of 74.20 and a beta of 1.51. 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 fifty day simple moving average of $306.66 and a two-hundred day simple moving average of $210.40. Centrus Energy Corp. has a 1-year low of $49.40 and a 1-year high of $464.25.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LEU. William Blair restated an “outperform” rating on shares of Centrus Energy in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Centrus Energy from $164.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. UBS Group upgraded shares of Centrus Energy to a “hold” rating and set a $215.00 price objective for the company in a report on Monday, July 21st. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a report on Thursday, August 7th. Finally, HC Wainwright restated a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.