Intech Investment Management LLC Makes New $503,000 Investment in Centrus Energy Corp. (NYSE:LEU)

Intech Investment Management LLC acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,545 shares of the company's stock, valued at approximately $503,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LEU. Cape Investment Advisory Inc. bought a new stake in shares of Centrus Energy during the fourth quarter worth approximately $27,000. PNC Financial Services Group Inc. increased its position in Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after buying an additional 192 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Centrus Energy by 33,333.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $67,000 after buying an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Centrus Energy in the fourth quarter valued at about $113,000. Finally, Canton Hathaway LLC acquired a new position in shares of Centrus Energy in the fourth quarter valued at about $161,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. This represents a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.

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Centrus Energy Stock Performance

Shares of Centrus Energy stock traded down $2.85 during trading hours on Friday, reaching $66.25. The company had a trading volume of 366,738 shares, compared to its average volume of 637,192. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. Centrus Energy Corp. has a one year low of $33.51 and a one year high of $122.95. The firm has a market cap of $1.11 billion, a PE ratio of 15.02 and a beta of 1.35. The business has a fifty day simple moving average of $87.58 and a 200 day simple moving average of $77.24.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup assumed coverage on Centrus Energy in a research report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective for the company. StockNews.com upgraded Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Finally, HC Wainwright assumed coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a "buy" rating and a $300.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $147.00.

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.