Centrus Energy Corp. (NYSE:LEU) Shares Sold by Sara Bay Financial

Sara Bay Financial lessened its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 320,401 shares of the company's stock after selling 3,552 shares during the period. Centrus Energy accounts for approximately 9.4% of Sara Bay Financial's investment portfolio, making the stock its 3rd biggest position. Sara Bay Financial owned approximately 1.91% of Centrus Energy worth $21,227,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its position in shares of Centrus Energy by 3.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 12,068 shares of the company's stock worth $751,000 after purchasing an additional 353 shares during the period. NBC Securities Inc. raised its holdings in shares of Centrus Energy by 102,620.0% in the 1st quarter. NBC Securities Inc. now owns 10,272 shares of the company's stock valued at $639,000 after purchasing an additional 10,262 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Centrus Energy by 2.1% in the 1st quarter. Rhumbline Advisers now owns 21,870 shares of the company's stock valued at $1,361,000 after purchasing an additional 441 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Centrus Energy by 69.5% in the 1st quarter. Parallel Advisors LLC now owns 1,271 shares of the company's stock valued at $79,000 after purchasing an additional 521 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Centrus Energy by 8,075.0% in the 1st quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock valued at $793,000 after purchasing an additional 12,597 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LEU shares. Citigroup started coverage on Centrus Energy in a research report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 target price on the stock. Craig Hallum started coverage on Centrus Energy in a report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 target price for the company. HC Wainwright started coverage on Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 target price for the company. Evercore ISI started coverage on Centrus Energy in a report on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 target price for the company. Finally, Wall Street Zen raised Centrus Energy to a "sell" rating in a report on Monday, February 10th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.00.

Centrus Energy Stock Up 5.0%

LEU opened at $143.11 on Friday. The business has a 50 day moving average price of $83.99 and a two-hundred day moving average price of $82.16. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The company has a market cap of $2.40 billion, a PE ratio of 32.45 and a beta of 1.37. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $146.83.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data 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 return on equity of 84.09% and a net margin of 16.56%. The company's revenue for the quarter was up 67.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In related 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 value of $359,428.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was 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 currently owned by insiders.

Centrus Energy Company Profile

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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