Canton Hathaway LLC Buys 1,320 Shares of Centrus Energy Corp. (NYSE:LEU)

Canton Hathaway LLC raised its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 54.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,730 shares of the company's stock after buying an additional 1,320 shares during the period. Canton Hathaway LLC's holdings in Centrus Energy were worth $232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Anatole Investment Management Ltd purchased a new stake in Centrus Energy during the fourth quarter valued at about $27,880,000. Reaves W H & Co. Inc. bought a new position in shares of Centrus Energy during the 4th quarter valued at about $15,215,000. Soros Fund Management LLC bought a new position in shares of Centrus Energy during the 4th quarter valued at about $14,821,000. Voloridge Investment Management LLC raised its holdings in shares of Centrus Energy by 1,300.5% during the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock valued at $15,664,000 after buying an additional 218,364 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Centrus Energy in the 4th quarter worth approximately $10,367,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Trading Down 0.0%

NYSE LEU traded down $0.07 on Tuesday, hitting $192.18. The company's stock had a trading volume of 1,959,294 shares, compared to its average volume of 829,942. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 52-week low of $33.51 and a 52-week high of $211.31. The firm has a market cap of $3.27 billion, a P/E ratio of 43.58 and a beta of 1.36. The company's 50-day simple moving average is $109.46 and its 200 day simple moving average is $89.45.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate 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 company earned ($0.38) EPS. The company's revenue for the quarter was up 67.3% on a year-over-year basis. Research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LEU has been the topic of several research reports. Craig Hallum began coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a "buy" rating and a $129.00 price target on the stock. Evercore ISI reissued an "outperform" rating and issued a $205.00 price target (up from $145.00) on shares of Centrus Energy in a research note on Wednesday, June 18th. Bank of America began coverage on Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 price objective on the stock. B. Riley increased their target price on Centrus Energy from $134.00 to $221.00 and gave the company a "buy" rating in a report on Monday. Finally, William Blair began coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $168.14.

Insider Activity at Centrus Energy

In other Centrus Energy news, SVP John M. A. Donelson sold 3,732 shares of the company's 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $126.00, for a total value of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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.