Point72 Asset Management L.P. Lowers Stock Holdings in Centrus Energy Corp. (NYSE:LEU)

Point72 Asset Management L.P. reduced its holdings in Centrus Energy Corp. (NYSE:LEU - Free Report) by 58.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,023 shares of the company's stock after selling 86,228 shares during the quarter. Point72 Asset Management L.P. owned about 0.38% of Centrus Energy worth $3,402,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LEU. Sara Bay Financial lifted its holdings in shares of Centrus Energy by 3.9% in the 2nd quarter. Sara Bay Financial now owns 337,201 shares of the company's stock valued at $14,415,000 after buying an additional 12,514 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in shares of Centrus Energy by 10.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company's stock valued at $244,000 after buying an additional 525 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company's stock valued at $9,516,000 after buying an additional 176,431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Centrus Energy by 181.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company's stock worth $115,000 after purchasing an additional 1,754 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in Centrus Energy by 133.3% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company's stock worth $60,000 after purchasing an additional 800 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LEU shares. B. Riley lifted their price objective on Centrus Energy from $88.00 to $126.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Roth Capital cut Centrus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Finally, Roth Mkm reduced their price objective on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $92.00.

Centrus Energy Price Performance

Centrus Energy stock traded down $5.57 during mid-day trading on Monday, hitting $72.72. 615,423 shares of the company were exchanged, compared to its average volume of 491,280. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The business's 50 day simple moving average is $79.86 and its two-hundred day simple moving average is $55.69. The company has a market capitalization of $1.19 billion, a P/E ratio of 16.34 and a beta of 1.12. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $118.36.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). The company had revenue of $57.70 million for the quarter, compared to analysts' expectations of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. Analysts forecast that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.