Daiwa Securities Group Inc. Makes New Investment in Centrus Energy Corp. (NYSE:LEU)

Daiwa Securities Group Inc. bought a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,553 shares of the company's stock, valued at approximately $1,895,000. Daiwa Securities Group Inc. owned about 0.21% of Centrus Energy as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Centrus Energy by 382.1% during the second quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company's stock valued at $9,516,000 after purchasing an additional 176,431 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Centrus Energy by 53.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company's stock valued at $6,338,000 after buying an additional 51,836 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Centrus Energy by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company's stock worth $14,048,000 after buying an additional 46,254 shares during the last quarter. L & S Advisors Inc purchased a new stake in Centrus Energy in the third quarter worth approximately $2,089,000. Finally, Decade Renewable Partners LP bought a new position in Centrus Energy during the second quarter valued at approximately $1,479,000. Institutional investors own 49.96% of the company's stock.

Wall Street Analyst Weigh In

LEU has been the topic of several recent research reports. Roth Capital lowered shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. StockNews.com upgraded Centrus Energy to a "sell" rating in a research report on Wednesday, August 7th. B. Riley raised their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Roth Mkm decreased their target price on shares of Centrus Energy from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Centrus Energy has a consensus rating of "Hold" and an average target price of $92.00.

Centrus Energy Trading Up 9.9 %

LEU traded up $8.17 during midday trading on Friday, reaching $90.66. 838,021 shares of the company's stock traded hands, compared to its average volume of 481,592. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 18.93 and a beta of 1.19. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $118.36. The firm has a fifty day moving average of $77.41 and a two-hundred day moving average of $54.43. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million during 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%. On average, equities analysts anticipate 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.