Bridgewater Associates LP Lowers Position in Centrus Energy Corp. (NYSE:LEU)

Bridgewater Associates LP trimmed its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 8.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 57,400 shares of the company’s stock after selling 5,312 shares during the period. Bridgewater Associates LP’s holdings in Centrus Energy were worth $3,148,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in shares of Centrus Energy during the 2nd quarter valued at about $42,000. Wolff Wiese Magana LLC bought a new stake in Centrus Energy during the second quarter valued at approximately $43,000. nVerses Capital LLC grew its stake in Centrus Energy by 133.3% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after buying an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Centrus Energy by 181.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after buying an additional 1,754 shares during the last quarter. Finally, Heritage Investors Management Corp purchased a new stake in shares of Centrus Energy during the 3rd quarter valued at $203,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Performance

Centrus Energy stock opened at $91.00 on Friday. The firm has a fifty day simple moving average of $77.41 and a two-hundred day simple moving average of $54.51. Centrus Energy Corp. has a twelve month low of $33.51 and a twelve month high of $118.36. The company has a market capitalization of $1.49 billion, a PE ratio of 19.00 and a beta of 1.19. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44.

Centrus Energy (NYSE:LEU) last released its earnings results 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 company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. Research analysts expect that Centrus Energy Corp. will post 2.28 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. B. Riley upped their target price 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. Roth Mkm dropped their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.00.

Centrus Energy 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.