JPMorgan Chase & Co. Has $10.78 Million Holdings in Centrus Energy Corp. $LEU

JPMorgan Chase & Co. increased its holdings in Centrus Energy Corp. (NYSE:LEU) by 309.0% in the third quarter, Holdings Channel reports. The institutional investor owned 34,754 shares of the company’s stock after buying an additional 26,257 shares during the period. JPMorgan Chase & Co.’s holdings in Centrus Energy were worth $10,776,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. TB Alternative Assets Ltd. increased its stake in Centrus Energy by 125.1% during the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock worth $29,112,000 after acquiring an additional 52,181 shares during the period. Moody Aldrich Partners LLC acquired a new stake in shares of Centrus Energy during the 3rd quarter worth $3,024,000. Nordea Investment Management AB bought a new position in shares of Centrus Energy in the third quarter worth $5,427,000. Prospera Financial Services Inc acquired a new position in Centrus Energy in the second quarter valued at about $249,000. Finally, Csenge Advisory Group bought a new stake in Centrus Energy during the third quarter worth about $969,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LEU. B. Riley Financial raised their target price on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a research note on Monday, December 29th. UBS Group reduced their target price on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, William Blair reissued an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and a consensus target price of $258.83.

Centrus Energy Stock Down 4.4%

Shares of NYSE:LEU opened at $194.24 on Friday. Centrus Energy Corp. has a 52-week low of $49.40 and a 52-week high of $464.25. The company has a market capitalization of $3.82 billion, a PE ratio of 46.58 and a beta of 1.26. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59. The company has a fifty day moving average of $258.78 and a 200-day moving average of $272.00.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The firm had revenue of $146.20 million for the quarter, compared to the consensus estimate of $145.40 million. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

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.