Northwestern Mutual Wealth Management Co. Boosts Holdings in Centrus Energy Corp. $LEU

Northwestern Mutual Wealth Management Co. raised its holdings in Centrus Energy Corp. (NYSE:LEU) by 16,538.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,326 shares of the company’s stock after buying an additional 100,717 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Centrus Energy were worth $24,598,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LEU. American Century Companies Inc. grew its holdings in shares of Centrus Energy by 78.8% during the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after purchasing an additional 194,909 shares during the period. Van ECK Associates Corp grew its holdings in shares of Centrus Energy by 25.9% during the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after purchasing an additional 160,482 shares during the period. Vanguard Group Inc. grew its holdings in shares of Centrus Energy by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock worth $332,432,000 after purchasing an additional 86,509 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Centrus Energy during the 3rd quarter worth about $25,775,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Centrus Energy by 6.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,477 shares of the company’s stock worth $290,376,000 after purchasing an additional 58,634 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Insider Activity

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LEU has been the subject of a number of analyst reports. Zacks Research cut Centrus Energy from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. UBS Group decreased their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Northland Securities set a $285.00 price target on Centrus Energy in a report on Thursday, February 12th. Citigroup decreased their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Finally, Roth Mkm restated a “neutral” rating and issued a $137.00 price target on shares of Centrus Energy in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and an average target price of $268.18.

Centrus Energy Stock Down 2.2%

NYSE LEU opened at $169.06 on Wednesday. The stock has a market cap of $3.33 billion, a PE ratio of 55.98, a P/E/G ratio of 17.92 and a beta of 1.43. Centrus Energy Corp. has a fifty-two week low of $90.83 and a fifty-two week high of $464.25. The business has a 50 day moving average price of $196.85 and a two-hundred day moving average price of $239.50. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The company had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. During the same period in the prior year, the company posted $1.60 EPS. Centrus Energy’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.55 EPS for the current fiscal year.

Centrus Energy 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.