Charles Schwab Investment Management Inc. grew its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,392 shares of the company's stock after purchasing an additional 6,709 shares during the period. Charles Schwab Investment Management Inc. owned 0.74% of Centrus Energy worth $8,086,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of LEU. JPMorgan Chase & Co. grew its holdings in Centrus Energy by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock valued at $345,000 after buying an additional 186 shares during the period. Cape Investment Advisory Inc. acquired a new stake in shares of Centrus Energy in the fourth quarter worth approximately $27,000. Janney Montgomery Scott LLC grew its holdings in Centrus Energy by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,099 shares of the company's stock valued at $673,000 after purchasing an additional 562 shares during the period. Portland Investment Counsel Inc. increased its position in Centrus Energy by 23.1% during the third quarter. Portland Investment Counsel Inc. now owns 8,000 shares of the company's stock worth $439,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC boosted its holdings in shares of Centrus Energy by 4.1% in the 3rd quarter. Hollow Brook Wealth Management LLC now owns 38,920 shares of the company's stock valued at $2,135,000 after purchasing an additional 1,521 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
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 transaction of $481,240.00. Following the sale, the senior vice president now owns 9,402 shares of the company's stock, valued at $1,131,154.62. The trade was a 29.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on LEU shares. StockNews.com upgraded Centrus Energy to a "sell" rating in a report on Monday, February 10th. HC Wainwright started coverage on Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective on the stock. Finally, Citigroup started coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $147.00.
Get Our Latest Research Report on LEU
Centrus Energy Stock Down 1.3 %
Shares of LEU traded down $0.89 during midday trading on Thursday, reaching $69.10. 410,795 shares of the company were exchanged, compared to its average volume of 793,510. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $122.94. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 15.67 and a beta of 1.35. The stock has a 50-day moving average price of $87.68 and a 200-day moving average price of $77.30.
Centrus Energy Profile
(
Free Report)
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.
Recommended Stories
Before you consider Centrus Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centrus Energy wasn't on the list.
While Centrus Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
