Arcadia Wealth Management Inc. Sells 2,500 Shares of Centrus Energy Corp. $LEU

Arcadia Wealth Management Inc. lowered its stake in Centrus Energy Corp. (NYSE:LEU) by 38.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after selling 2,500 shares during the period. Centrus Energy makes up approximately 0.8% of Arcadia Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest position. Arcadia Wealth Management Inc.’s holdings in Centrus Energy were worth $1,240,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Centrus Energy by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 346,860 shares of the company’s stock valued at $63,545,000 after buying an additional 8,339 shares during the period. American Century Companies Inc. boosted its stake in Centrus Energy by 483.8% during the second 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 period. First Trust Advisors LP increased its position in Centrus Energy by 193.0% during the second quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock valued at $24,616,000 after acquiring an additional 88,513 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Centrus Energy in the second quarter valued at $19,142,000. Finally, HRT Financial LP lifted its holdings in shares of Centrus Energy by 142.4% in the 2nd quarter. HRT Financial LP now owns 95,247 shares of the company’s stock worth $17,447,000 after acquiring an additional 55,946 shares during the last quarter. 49.96% of the stock is owned by institutional investors.

Centrus Energy Price Performance

NYSE:LEU opened at $278.39 on Friday. The stock has a 50 day moving average of $275.64 and a two-hundred day moving average of $272.06. The firm has a market cap of $5.07 billion, a P/E ratio of 42.31 and a beta of 1.24. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last posted its earnings results on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted ($0.30) earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LEU has been the topic of a number of recent analyst reports. B. Riley increased their price objective on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Needham & Company LLC restated a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. Zacks Research upgraded Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Evercore ISI reiterated an “outperform” rating and issued a $390.00 target price on shares of Centrus Energy in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $253.33.

Centrus Energy Company 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.