Financial Advocates Investment Management Buys New Shares in Centrus Energy Corp. (NYSE:LEU)

Financial Advocates Investment Management bought a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,250 shares of the company's stock, valued at approximately $216,000.

A number of other hedge funds have also modified their holdings of LEU. FMR LLC increased its holdings in Centrus Energy by 79.3% during the 3rd quarter. FMR LLC now owns 426,249 shares of the company's stock valued at $23,380,000 after purchasing an additional 188,478 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in Centrus Energy during the 4th quarter valued at $7,907,000. Exchange Traded Concepts LLC increased its holdings in Centrus Energy by 290.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock valued at $4,732,000 after purchasing an additional 52,866 shares in the last quarter. L & S Advisors Inc acquired a new stake in Centrus Energy during the 3rd quarter valued at $2,089,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Centrus Energy during the 3rd quarter valued at $1,895,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value 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. This trade represents a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LEU. Roth Mkm dropped their price target on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. StockNews.com upgraded Centrus Energy to a "sell" rating in a research report on Monday. Finally, B. Riley increased their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th.

Centrus Energy Trading Down 3.2 %

Centrus Energy stock traded down $3.78 during mid-day trading on Friday, hitting $113.99. 562,243 shares of the company's stock were exchanged, compared to its average volume of 912,534. The firm has a market capitalization of $1.87 billion, a P/E ratio of 25.85 and a beta of 1.17. Centrus Energy Corp. has a fifty-two week low of $33.51 and a fifty-two week high of $122.94. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The company's 50 day simple moving average is $79.81 and its 200-day simple moving average is $67.62.

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.