Research analysts at Lake Street Capital initiated coverage on shares of Centrus Energy (NYSEAMERICAN:LEU) in a report released on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $16.00 price target on the basic materials company’s stock. Lake Street Capital’s price target indicates a potential upside of 47.33% from the company’s previous close.
Separately, Roth Capital began coverage on shares of Centrus Energy in a research report on Monday, August 31st. They set a “buy” rating and a $18.00 price objective for the company.
Shares of Centrus Energy stock opened at $10.86 on Tuesday. Centrus Energy has a 52-week low of $3.20 and a 52-week high of $19.90.
Centrus Energy (NYSEAMERICAN:LEU) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $3.19 earnings per share (EPS) for the quarter. The firm had revenue of $75.70 million during the quarter.
In related news, Director Neil S. Subin acquired 500,000 shares of Centrus Energy stock in a transaction dated Friday, August 21st. The stock was acquired at an average price of $10.00 per share, for a total transaction of $5,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Hedge funds have recently added to or reduced their stakes in the stock. Sara Bay Financial purchased a new stake in Centrus Energy in the 2nd quarter valued at $286,000. JPMorgan Chase & Co. raised its position in Centrus Energy by 108.9% in the 1st quarter. JPMorgan Chase & Co. now owns 36,038 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 18,788 shares during the last quarter. Bridgeway Capital Management Inc. raised its position in Centrus Energy by 42.9% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 53,600 shares of the basic materials company’s stock valued at $538,000 after purchasing an additional 16,100 shares during the last quarter. Finally, Alambic Investment Management L.P. raised its position in Centrus Energy by 17.9% in the 1st quarter. Alambic Investment Management L.P. now owns 68,886 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 10,447 shares during the last quarter.
About Centrus Energy
Centrus Energy Corp. supplies nuclear fuel and services for the commercial nuclear power industry in the United States, Japan, Belgium, and internationally. The company operates in two segments, Low-Enriched Uranium (LEU) and Contract Services. Its LEU is a component used in the production of nuclear fuel for reactors to produce electricity.
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