Renaissance Technologies LLC Boosts Stake in Centrus Energy Corp. (NYSE:LEU)

Renaissance Technologies LLC grew its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 25.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,400 shares of the company's stock after buying an additional 17,849 shares during the period. Renaissance Technologies LLC owned approximately 0.53% of Centrus Energy worth $5,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEU. Vanguard Group Inc. lifted its position in Centrus Energy by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 967,393 shares of the company's stock valued at $64,438,000 after acquiring an additional 71,872 shares in the last quarter. Geode Capital Management LLC raised its stake in Centrus Energy by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 325,603 shares of the company's stock valued at $21,694,000 after buying an additional 5,668 shares during the period. Reaves W H & Co. Inc. bought a new position in Centrus Energy during the fourth quarter worth $15,215,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Centrus Energy by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,392 shares of the company's stock worth $8,086,000 after acquiring an additional 6,709 shares during the period. Finally, TB Alternative Assets Ltd. bought a new stake in Centrus Energy in the 4th quarter valued at $7,907,000. 49.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the firm's 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 directly owns 9,402 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Centrus Energy Trading Up 1.4 %

LEU stock traded up $0.91 during mid-day trading on Wednesday, reaching $66.14. The company's stock had a trading volume of 297,068 shares, compared to its average volume of 675,117. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 14.99 and a beta of 1.26. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The business's 50 day moving average price is $75.94 and its 200 day moving average price is $79.10. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. HC Wainwright assumed coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. StockNews.com upgraded shares of Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Craig Hallum began coverage on Centrus Energy in a report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 target price for the company. Finally, Citigroup started coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $143.40.

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.