Prosperity Wealth Management Inc. acquired a new stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,640 shares of the company's stock, valued at approximately $309,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Centrus Energy by 3.0% during 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 in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after buying an additional 192 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Centrus Energy during the 4th quarter valued at about $27,000. Janney Montgomery Scott LLC raised its position in shares of Centrus Energy by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,099 shares of the company's stock valued at $673,000 after buying an additional 562 shares in the last quarter. Finally, Portland Investment Counsel Inc. raised its position in shares of Centrus Energy by 23.1% during the 3rd quarter. Portland Investment Counsel Inc. now owns 8,000 shares of the company's stock valued at $439,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 49.96% of the company's stock.
Centrus Energy Trading Down 3.1 %
Shares of NYSE:LEU traded down $2.28 during trading on Thursday, reaching $71.96. 321,088 shares of the company were exchanged, compared to its average volume of 620,617. The firm has a market capitalization of $1.21 billion, a PE ratio of 16.32 and a beta of 1.35. The business's fifty day simple moving average is $87.62 and its 200-day simple moving average is $74.76. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $122.95. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.
Insider Transactions at Centrus Energy
In other 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 transaction of $481,240.00. Following the transaction, the senior vice president now directly owns 9,402 shares in the company, valued at approximately $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. HC Wainwright assumed coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective on the stock. Citigroup assumed coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price objective on the stock. Finally, StockNews.com raised shares of Centrus Energy to a "sell" rating in a research report on Monday, February 10th. One investment 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's stock. Based on data from MarketBeat, Centrus Energy presently has a consensus rating of "Hold" and an average price target of $147.00.
Check Out Our Latest Stock Report on LEU
About Centrus Energy
(
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.
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