Portland Investment Counsel Inc. Increases Stock Holdings in Centrus Energy Corp. $LEU

Portland Investment Counsel Inc. boosted its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,250 shares of the company's stock after acquiring an additional 1,250 shares during the period. Centrus Energy accounts for about 0.6% of Portland Investment Counsel Inc.'s holdings, making the stock its 16th biggest position. Portland Investment Counsel Inc. owned 0.07% of Centrus Energy worth $1,897,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in Centrus Energy by 7.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,510 shares of the company's stock valued at $277,000 after purchasing an additional 111 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock worth $34,000 after purchasing an additional 112 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in shares of Centrus Energy by 3.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,294 shares of the company's stock worth $603,000 after buying an additional 119 shares in the last quarter. Atlatl Advisers LLC boosted its stake in Centrus Energy by 4.2% during the second quarter. Atlatl Advisers LLC now owns 4,015 shares of the company's stock valued at $735,000 after buying an additional 160 shares during the period. Finally, Harbour Investments Inc. boosted its stake in Centrus Energy by 1,181.3% during the second quarter. Harbour Investments Inc. now owns 205 shares of the company's stock valued at $38,000 after buying an additional 189 shares during the period. Institutional investors own 49.96% of the company's stock.

Centrus Energy Trading Up 2.1%

Shares of LEU opened at $254.22 on Friday. Centrus Energy Corp. has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 57.65 and a beta of 1.56. The firm has a 50 day moving average price of $322.86 and a 200-day moving average price of $231.09. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

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Centrus Energy (NYSE:LEU - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The company's revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.30) EPS. As a group, equities research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LEU shares. JPMorgan Chase & Co. decreased their target price on Centrus Energy from $275.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, November 7th. Bank of America restated a "neutral" rating and issued a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Northland Securities set a $275.00 target price on shares of Centrus Energy in a research note on Thursday, August 7th. UBS Group set a $245.00 price target on shares of Centrus Energy in a research note on Tuesday. Finally, HC Wainwright restated a "buy" rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $227.60.

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View Our Latest Stock Analysis on LEU

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.

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