Bank of New York Mellon Corp Cuts Position in Centrus Energy Corp. $LEU

Bank of New York Mellon Corp lowered its holdings in Centrus Energy Corp. (NYSE:LEU) by 19.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 380,960 shares of the company’s stock after selling 92,185 shares during the quarter. Bank of New York Mellon Corp’s holdings in Centrus Energy were worth $66,131,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Centrus Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock worth $263,745,000 after purchasing an additional 14,325 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Centrus Energy by 14.7% in the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after purchasing an additional 114,881 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Centrus Energy by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 414,933 shares of the company’s stock worth $100,746,000 after purchasing an additional 29,857 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Centrus Energy by 126.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock worth $90,265,000 after buying an additional 207,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Centrus Energy by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 358,799 shares of the company’s stock valued at $111,260,000 after buying an additional 10,333 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

NYSE LEU opened at $174.49 on Thursday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 57.78, a P/E/G ratio of 21.21 and a beta of 1.35. Centrus Energy Corp. has a 1-year low of $142.13 and a 1-year high of $464.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88. The business’s 50-day simple moving average is $171.53 and its 200-day simple moving average is $208.40.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The firm had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. During the same quarter in the prior year, the company earned $1.60 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that Centrus Energy Corp. will post 2.7 EPS for the current year.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LEU has been the topic of a number of analyst reports. Needham & Company LLC assumed coverage on shares of Centrus Energy in a research report on Thursday, July 9th. They set a “buy” rating and a $264.00 target price on the stock. Truist Financial began coverage on Centrus Energy in a research note on Monday, July 13th. They set a “buy” rating and a $215.00 price target on the stock. Weiss Ratings cut Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. B. Riley Financial lowered their price objective on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, Roth Capital dropped their target price on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

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.