SBI Securities Co. Ltd. Makes New Investment in Centrus Energy Corp. (NYSE:LEU)

SBI Securities Co. Ltd. acquired a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,382 shares of the company's stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company's stock worth $23,380,000 after buying an additional 188,478 shares in the last quarter. TB Alternative Assets Ltd. purchased a new stake in Centrus Energy in the 4th quarter worth approximately $7,907,000. Exchange Traded Concepts LLC lifted its position in Centrus Energy by 290.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock worth $4,732,000 after buying an additional 52,866 shares in the last quarter. L & S Advisors Inc purchased a new stake in Centrus Energy in the 3rd quarter worth approximately $2,089,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Centrus Energy in the 3rd quarter worth approximately $1,895,000. Institutional investors and hedge funds own 49.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LEU. HC Wainwright began coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 target price for the company. StockNews.com upgraded shares of Centrus Energy to a "sell" rating in a research report on Monday, February 10th. Finally, Citigroup started coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $147.00.

Remove Ads

Insider Buying and Selling

In related news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the transaction, the senior vice president now owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.

Centrus Energy Stock Up 0.1 %

Shares of Centrus Energy stock traded up $0.09 during midday trading on Friday, reaching $79.81. 570,131 shares of the company's stock traded hands, compared to its average volume of 616,582. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 18.10 and a beta of 1.35. The company's 50 day simple moving average is $87.19 and its 200 day simple moving average is $74.03. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95.

Centrus Energy Company 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.