Diamond Hill Capital Management Inc. Sells 26,448 Shares of Centrus Energy Corp. (NYSE:LEU)

Key Points

• Diamond Hill Capital Management Inc. reduced its stake in Centrus Energy Corp. by 25.6%, selling 26,448 shares, and now owns 0.46% of the company valued at approximately $4.78 million.
• Several hedge funds have altered their positions in Centrus Energy, with GAMMA Investing LLC increasing its stake by a notable 8,075% in the first quarter.
• Centrus Energy's stock currently has a consensus rating of "Moderate Buy" from analysts, with a target price averaging $178.64.

Diamond Hill Capital Management Inc. decreased its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 25.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 76,803 shares of the company's stock after selling 26,448 shares during the period. Diamond Hill Capital Management Inc. owned about 0.46% of Centrus Energy worth $4,778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP purchased a new position in shares of Centrus Energy during the 4th quarter worth approximately $3,474,000. GAMMA Investing LLC grew its holdings in shares of Centrus Energy by 8,075.0% during the 1st quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock worth $793,000 after acquiring an additional 12,597 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Centrus Energy by 380.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock worth $401,000 after acquiring an additional 5,108 shares during the period. KBC Group NV purchased a new position in shares of Centrus Energy during the 1st quarter worth approximately $53,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Centrus Energy by 21.1% during the 1st quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company's stock worth $866,000 after acquiring an additional 2,422 shares during the period. Hedge funds and other institutional investors own 49.96% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on LEU shares. Craig Hallum started coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target on the stock. Stifel Nicolaus started coverage on Centrus Energy in a research note on Friday, July 11th. They issued a "buy" rating and a $220.00 price target on the stock. UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 price target on the stock in a research note on Monday, July 21st. Northland Securities started coverage on Centrus Energy in a research note on Monday, July 7th. They issued an "outperform" rating and a $205.00 price target on the stock. Finally, Evercore ISI set a $205.00 price target on Centrus Energy and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $178.64.

Centrus Energy Stock Down 4.2%

LEU stock traded down $10.21 during midday trading on Monday, hitting $230.79. The company's stock had a trading volume of 480,183 shares, compared to its average volume of 971,221. The company has a market cap of $3.93 billion, a PE ratio of 52.41 and a beta of 1.45. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $250.88. 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 firm's 50-day moving average is $169.56 and its 200-day moving average is $111.19.

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

Insider Buying and Selling at Centrus Energy

In other news, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction 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.

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.