Legacy Bridge LLC Buys New Shares in Centrus Energy Corp. (NYSE:LEU)

Legacy Bridge LLC bought a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 9,870 shares of the company's stock, valued at approximately $657,000. Legacy Bridge LLC owned 0.06% of Centrus Energy as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LEU. FMR LLC boosted its position in Centrus Energy by 79.3% during the 3rd quarter. FMR LLC now owns 426,249 shares of the company's stock valued at $23,380,000 after buying an additional 188,478 shares during the period. TB Alternative Assets Ltd. purchased a new position in Centrus Energy during the 4th quarter valued at about $7,907,000. Exchange Traded Concepts LLC raised its position in Centrus Energy by 290.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock valued at $4,732,000 after purchasing an additional 52,866 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Centrus Energy by 53.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company's stock worth $6,338,000 after buying an additional 51,836 shares during the last quarter. Finally, L & S Advisors Inc purchased a new position in shares of Centrus Energy during the third quarter valued at approximately $2,089,000. 49.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Centrus Energy Price Performance

Shares of NYSE:LEU traded down $0.11 during midday trading on Tuesday, hitting $78.09. The company's stock had a trading volume of 444,592 shares, compared to its average volume of 786,846. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $118.36. The company has a market cap of $1.28 billion, a P/E ratio of 16.30 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The business's 50 day simple moving average is $76.08 and its 200 day simple moving average is $63.14.

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

About Centrus Energy

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.