Portland Investment Counsel Inc. Boosts Holdings in Centrus Energy Corp. (NYSE:LEU)

Portland Investment Counsel Inc. increased its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 23.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,000 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Portland Investment Counsel Inc.’s holdings in Centrus Energy were worth $439,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after buying an additional 188,478 shares during the period. Bank of New York Mellon Corp lifted its stake in Centrus Energy by 382.1% in the second quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after acquiring an additional 176,431 shares during the last quarter. Point72 Asset Management L.P. lifted 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 worth $6,338,000 after acquiring an additional 51,836 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Centrus Energy by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock worth $14,048,000 after acquiring an additional 46,254 shares in the last quarter. Finally, L & S Advisors Inc purchased a new stake in shares of Centrus Energy in the 3rd quarter valued at approximately $2,089,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $90.66 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $118.36. The firm has a market capitalization of $1.49 billion, a P/E ratio of 18.93 and a beta of 1.19. The company’s fifty day moving average price is $77.41 and its 200 day moving average price is $54.43.

Centrus Energy (NYSE:LEU) last posted its earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The firm had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LEU has been the subject of a number of analyst reports. Roth Mkm lowered their target price on shares of 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 cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. StockNews.com upgraded Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Finally, B. Riley boosted their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.00.

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.