Canton Hathaway LLC Boosts Holdings in Centrus Energy Corp. (NYSE:LEU)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. purchased a new position in shares of Centrus Energy during the 4th quarter worth $27,000. PNC Financial Services Group Inc. raised its position in shares of Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after purchasing an additional 192 shares during the period. State of Wyoming bought a new stake in shares of Centrus Energy during the 4th quarter valued at $33,000. Altshuler Shaham Ltd bought a new stake in shares of Centrus Energy during the 4th quarter valued at $49,000. Finally, National Bank of Canada FI bought a new stake in shares of Centrus Energy during the 4th quarter valued at $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 business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LEU shares. Craig Hallum started coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective on the stock. Citigroup assumed coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price target on the stock. Evercore ISI reiterated an "outperform" rating and issued a $205.00 price target (up from $145.00) on shares of Centrus Energy in a report on Wednesday. Bank of America assumed coverage on shares of Centrus Energy in a report on Wednesday, June 4th. They issued a "buy" rating and a $160.00 price target on the stock. Finally, William Blair assumed coverage on shares of Centrus Energy in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Centrus Energy has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Centrus Energy Trading Up 5.0%

NYSE:LEU traded up $9.08 during mid-day trading on Friday, hitting $190.04. 2,934,756 shares of the stock traded hands, compared to its average volume of 821,432. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 43.09 and a beta of 1.37. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $211.31. The firm's 50 day moving average is $104.40 and its two-hundred day moving average is $87.72. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS 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%. Centrus Energy's revenue was up 67.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.38) EPS. On average, equities research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.