Point72 DIFC Ltd Purchases New Stake in Centrus Energy Corp. (NYSE:LEU)

Point72 DIFC Ltd acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 972 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Old West Investment Management LLC increased its holdings in shares of Centrus Energy by 3.3% during the 2nd quarter. Old West Investment Management LLC now owns 9,889 shares of the company’s stock worth $423,000 after buying an additional 316 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in 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. Russell Investments Group Ltd. lifted its position in Centrus Energy by 2.8% in the first quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock valued at $1,185,000 after buying an additional 766 shares during the last quarter. nVerses Capital LLC boosted its stake 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 buying an additional 800 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Centrus Energy by 4.1% during the second quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock valued at $990,000 after acquiring an additional 917 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Stock Performance

NYSE LEU opened at $57.72 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.52 and a quick ratio of 1.02. The company has a market cap of $904.82 million, a P/E ratio of 12.69 and a beta of 1.31. The stock has a 50-day moving average of $40.91 and a two-hundred day moving average of $42.65. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $61.35.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $1.12. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. The firm had revenue of $189.00 million during the quarter, compared to analysts’ expectations of $82.70 million. As a group, analysts anticipate that Centrus Energy Corp. will post 3.06 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on LEU. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Roth Mkm decreased their price target on Centrus Energy from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

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.