Exchange Traded Concepts LLC Sells 16,979 Shares of Centrus Energy Corp. (NYSE:LEU)

Exchange Traded Concepts LLC cut its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 23.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,061 shares of the company's stock after selling 16,979 shares during the quarter. Exchange Traded Concepts LLC owned 0.32% of Centrus Energy worth $3,363,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in Centrus Energy during the 4th quarter worth about $3,474,000. GAMMA Investing LLC boosted its position in Centrus Energy by 8,075.0% in the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock valued at $793,000 after buying an additional 12,597 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Centrus Energy by 79.7% during the fourth quarter. Vontobel Holding Ltd. now owns 9,922 shares of the company's stock worth $658,000 after purchasing an additional 4,402 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Centrus Energy during the 4th quarter valued at about $765,000. Finally, American Century Companies Inc. raised its position in shares of Centrus Energy by 72.8% in the 4th quarter. American Century Companies Inc. now owns 23,768 shares of the company's stock valued at $1,583,000 after acquiring an additional 10,011 shares during the period. Institutional investors own 49.96% of the company's stock.

Insiders Place Their Bets

In other news, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the company'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 company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. HC Wainwright initiated coverage on shares of 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 assumed coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a "buy" rating and a $129.00 target price on the stock. William Blair assumed coverage on Centrus Energy in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Evercore ISI boosted their price objective on Centrus Energy from $145.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Citigroup started 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of "Moderate Buy" and an average target price of $154.57.

Centrus Energy Trading Up 4.6%

LEU stock traded up $7.93 during midday trading on Wednesday, hitting $180.96. 1,096,463 shares of the company's stock were exchanged, compared to its average volume of 810,687. The stock has a market capitalization of $3.08 billion, a PE ratio of 41.03 and a beta of 1.37. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The business has a 50-day simple moving average of $99.65 and a two-hundred day simple moving average of $86.39. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $182.30.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. The company's quarterly revenue was up 67.3% compared to the same quarter last year. On average, sell-side analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal 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.