Price T Rowe Associates Inc. MD lowered its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,253 shares of the company's stock after selling 79,591 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.33% of Centrus Energy worth $14,539,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. purchased a new stake in Centrus Energy during the fourth quarter worth $27,000. PNC Financial Services Group Inc. grew its stake 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 acquired a new position in Centrus Energy during the 4th quarter valued at approximately $49,000. National Bank of Canada FI purchased a new position in Centrus Energy in the 4th quarter worth $51,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Centrus Energy by 33,333.3% in the fourth 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. Institutional investors own 49.96% of the company's stock.
Insider Buying and Selling 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 stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the sale, the senior vice president now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.
Centrus Energy Price Performance
Shares of LEU traded up $10.21 during midday trading on Thursday, reaching $82.71. The stock had a trading volume of 740,252 shares, compared to its average volume of 683,364. The firm's 50 day moving average price is $69.55 and its 200-day moving average price is $79.20. The company has a market capitalization of $1.39 billion, a P/E ratio of 18.76 and a beta of 1.14. 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 52 week low of $33.51 and a 52 week high of $122.95.
Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period in the previous year, the firm earned ($0.38) earnings per share. Centrus Energy's quarterly revenue was up 67.3% on a year-over-year basis. On average, analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. HC Wainwright assumed coverage on Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective on the stock. StockNews.com upgraded Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Craig Hallum started coverage on Centrus Energy in a research note on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective for the company. Finally, Citigroup began coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Centrus Energy has a consensus rating of "Hold" and a consensus price target of $143.40.
Read Our Latest Research Report on LEU
Centrus Energy Company Profile
(
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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