MAI Capital Management Has $604,000 Stock Position in Centrus Energy Corp. $LEU

MAI Capital Management lessened its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 49.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,296 shares of the company's stock after selling 3,207 shares during the quarter. MAI Capital Management's holdings in Centrus Energy were worth $604,000 as of its most recent SEC filing.

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Several other institutional investors also recently modified their holdings of LEU. 360 Financial Inc. bought a new stake in Centrus Energy during the 2nd quarter worth $220,000. Baader Bank Aktiengesellschaft bought a new position in Centrus Energy in the second quarter valued at about $1,302,000. GC Wealth Management RIA LLC acquired a new stake in shares of Centrus Energy during the second quarter valued at about $1,099,000. Clear Creek Financial Management LLC bought a new stake in shares of Centrus Energy during the second quarter worth about $227,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Centrus Energy during the first quarter worth about $625,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEU has been the topic of several recent research reports. Bank of America reiterated a "neutral" rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. UBS Group set a $245.00 price target on shares of Centrus Energy in a research note on Tuesday. HC Wainwright reissued a "buy" rating and issued a $300.00 price objective on shares of Centrus Energy in a research note on Tuesday, August 26th. Northland Securities set a $275.00 price objective on Centrus Energy in a report on Thursday, August 7th. Finally, Evercore ISI raised their target price on Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $227.60.

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Read Our Latest Analysis on LEU

Centrus Energy Stock Performance

Shares of LEU stock opened at $248.98 on Wednesday. The firm has a 50 day moving average of $322.55 and a 200-day moving average of $230.77. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 56.46 and a beta of 1.56. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $464.25.

• Centrus Energy Hits Critical Mass for Atomic Short-Squeeze

Centrus Energy (NYSE:LEU - Get Free Report) last issued 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 business's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the company earned ($0.30) earnings per share. On average, equities analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.

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