Arcadia Wealth Management Inc. acquired a new stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,500 shares of the company's stock, valued at approximately $433,000.
A number of other institutional investors have also recently made changes to their positions in LEU. Cape Investment Advisory Inc. purchased a new position in Centrus Energy during the 4th quarter valued at $27,000. PNC Financial Services Group Inc. raised its position in shares of Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after acquiring an additional 192 shares in the last quarter. State of Wyoming bought a new position in shares of Centrus Energy in the 4th quarter worth $33,000. Altshuler Shaham Ltd bought a new position in shares of Centrus Energy in the 4th quarter worth $49,000. Finally, National Bank of Canada FI bought a new position in shares of Centrus Energy in the 4th quarter worth $51,000. Hedge funds and other institutional investors own 49.96% of the company's stock.
Insider Activity at Centrus Energy
In other Centrus Energy news, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages recently weighed in on LEU. Wall Street Zen upgraded Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Evercore ISI began coverage on Centrus Energy in a research note on Wednesday, May 14th. They set an "outperform" rating and a $145.00 target price on the stock. Craig Hallum began coverage on Centrus Energy in a research note on Tuesday, April 1st. They set a "buy" rating and a $129.00 target price on the stock. Citigroup began coverage on Centrus Energy in a research note on Tuesday, March 4th. They set 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 on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $143.67.
Read Our Latest Analysis on Centrus Energy
Centrus Energy Stock Performance
Centrus Energy stock traded down $4.24 during trading hours on Thursday, hitting $123.50. 1,251,429 shares of the stock traded hands, compared to its average volume of 751,738. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 28.00 and a beta of 1.14. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $136.00. 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 firm's 50 day moving average price is $76.68 and its 200-day moving average price is $80.14.
Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The firm's revenue was up 67.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.38) EPS. As a group, equities analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.
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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