Denali Advisors LLC Has $506,000 Stake in Centrus Energy Corp. (NYSE:LEU)

Denali Advisors LLC grew its holdings in Centrus Energy Corp. (NYSE:LEU) by 28.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,831 shares of the company’s stock after purchasing an additional 2,617 shares during the quarter. Denali Advisors LLC owned about 0.08% of Centrus Energy worth $506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Old West Investment Management LLC lifted its holdings in shares of Centrus Energy by 3.3% during the second 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. Dimensional Fund Advisors LP raised its stake in Centrus Energy by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after purchasing an additional 8,678 shares during the last quarter. American Century Companies Inc. boosted its holdings in Centrus Energy by 33.5% in the 2nd quarter. American Century Companies Inc. now owns 8,429 shares of the company’s stock valued at $360,000 after purchasing an additional 2,116 shares during the period. Victory Capital Management Inc. grew its position in Centrus Energy by 26.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,557 shares of the company’s stock worth $323,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Centrus Energy by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock worth $990,000 after purchasing an additional 917 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Trading Down 0.0 %

Shares of LEU stock opened at $39.86 on Wednesday. The firm has a fifty day moving average of $40.29 and a 200-day moving average of $42.15. The stock has a market cap of $624.77 million, a price-to-earnings ratio of 8.76 and a beta of 1.31. Centrus Energy Corp. has a 52-week low of $33.51 and a 52-week high of $61.35. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52.

Centrus Energy (NYSE:LEU) last posted its earnings results 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. The business had revenue of $189.00 million for the quarter, compared to analysts’ expectations of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. On average, equities research analysts forecast that Centrus Energy Corp. will post 3.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Roth Mkm reduced their price objective on Centrus Energy from $62.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

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.