Royce & Associates LP Acquires New Holdings in Centrus Energy Corp. (NYSE:LEU)

Royce & Associates LP bought a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,000 shares of the company's stock, valued at approximately $400,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. acquired a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 192 shares during the period. Farther Finance Advisors LLC grew its position in Centrus Energy by 33,333.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $67,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Centrus Energy in the fourth quarter valued at $113,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Centrus Energy in the fourth quarter valued at about $161,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

Shares of LEU stock traded down $3.74 during trading hours on Wednesday, reaching $69.99. 473,518 shares of the company's stock were exchanged, compared to its average volume of 631,187. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The company's 50 day moving average is $87.76 and its two-hundred day moving average is $77.35. The company has a market cap of $1.17 billion, a P/E ratio of 15.87 and a beta of 1.35. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $122.95.

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Wall Street Analysts Forecast Growth

LEU has been the topic of a number of research reports. StockNews.com raised Centrus Energy to a "sell" rating in a report on Monday, February 10th. Citigroup assumed coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 target price on the stock. Finally, HC Wainwright began coverage on Centrus Energy in a research note on Tuesday, February 25th. They set a "buy" rating and a $300.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $147.00.

Insiders Place Their Bets

In other news, SVP Larry B. Cutlip sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Centrus Energy 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.