Arosa Capital Management LP Buys New Position in Centrus Energy Corp. (NYSE:LEU)

Arosa Capital Management LP acquired a new stake in Centrus Energy Corp. (NYSE:LEU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,500 shares of the company's stock, valued at approximately $2,498,000. Centrus Energy accounts for approximately 1.0% of Arosa Capital Management LP's investment portfolio, making the stock its 20th biggest holding. Arosa Capital Management LP owned about 0.23% of Centrus Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cape Investment Advisory Inc. purchased a new stake in shares of Centrus Energy during the fourth quarter worth about $27,000. PNC Financial Services Group Inc. increased its position in shares of Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after acquiring an additional 192 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Centrus Energy during the fourth quarter worth about $49,000. National Bank of Canada FI purchased a new stake in shares of Centrus Energy during the fourth quarter worth about $51,000. Finally, Farther Finance Advisors LLC increased its position 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 acquiring an additional 1,000 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the transaction, the senior vice president now owns 9,402 shares of the company's stock, valued at approximately $1,131,154.62. This represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Centrus Energy Stock Performance

NYSE LEU traded down $1.67 during trading hours on Wednesday, hitting $69.29. The company had a trading volume of 298,965 shares, compared to its average volume of 680,361. Centrus Energy Corp. has a fifty-two week low of $33.51 and a fifty-two week high of $122.95. The firm has a market cap of $1.16 billion, a P/E ratio of 15.71 and a beta of 1.26. The business has a fifty day simple moving average of $71.89 and a 200-day simple moving average of $79.37. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

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.