Centrus Energy Corp. $LEU Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Centrus Energy Corp. (NYSE:LEU) by 218.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,683 shares of the company’s stock after purchasing an additional 21,045 shares during the quarter. New York State Common Retirement Fund owned 0.17% of Centrus Energy worth $9,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Centrus Energy by 15.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock valued at $101,000 after buying an additional 43 shares during the period. ORG Partners LLC grew its position in Centrus Energy by 59.4% in the 3rd quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $52,000 after acquiring an additional 63 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Centrus Energy by 7.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,510 shares of the company’s stock valued at $277,000 after acquiring an additional 111 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Centrus Energy by 157.7% during the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after purchasing an additional 112 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Centrus Energy by 3.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,294 shares of the company’s stock worth $603,000 after purchasing an additional 119 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Trading Up 5.3%

LEU opened at $281.36 on Wednesday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. Centrus Energy Corp. has a one year low of $49.40 and a one year high of $464.25. The company has a market cap of $5.12 billion, a P/E ratio of 42.76 and a beta of 1.21. The business’s 50-day simple moving average is $276.64 and its 200-day simple moving average is $273.23.

Centrus Energy (NYSE:LEU) last posted its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same period in the previous year, the firm posted ($0.30) EPS. Centrus Energy’s revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LEU has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. UBS Group set a $245.00 price target on shares of Centrus Energy in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Centrus Energy in a research note on Monday, December 29th. B. Riley lifted their target price on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, Evercore ISI reissued an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Centrus Energy currently has an average rating of “Moderate Buy” and an average target price of $253.33.

About Centrus Energy

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.