Kovitz Investment Group Partners LLC Buys Shares of 29,890 Centrus Energy Corp. (NYSE:LEU)

Kovitz Investment Group Partners LLC bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 29,890 shares of the company’s stock, valued at approximately $1,639,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC increased its stake in Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after purchasing an additional 188,478 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Centrus Energy by 382.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after buying an additional 176,431 shares during the period. Point72 Asset Management L.P. grew its stake in Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after acquiring an additional 51,836 shares during the period. L & S Advisors Inc acquired a new position in Centrus Energy in the third quarter valued at about $2,089,000. Finally, Decade Renewable Partners LP bought a new stake in shares of Centrus Energy in the second quarter worth about $1,479,000. 49.96% of the stock is owned by institutional investors.

Centrus Energy Price Performance

NYSE LEU opened at $71.86 on Wednesday. The firm’s 50 day moving average is $80.45 and its 200-day moving average is $56.04. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $1.18 billion, a PE ratio of 15.00 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) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The business had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. Equities research analysts anticipate that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.