Northern Trust Corp Raises Stake in Centrus Energy Corp. (NYSE:LEU)

Northern Trust Corp grew its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,389 shares of the company's stock after buying an additional 16,378 shares during the period. Northern Trust Corp owned 0.83% of Centrus Energy worth $9,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in LEU. Cape Investment Advisory Inc. purchased a new stake in shares of Centrus Energy in the fourth quarter valued at $27,000. PNC Financial Services Group Inc. raised its holdings in shares of Centrus Energy by 77.4% in 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 in the last quarter. Altshuler Shaham Ltd bought a new stake in Centrus Energy during the 4th quarter valued at $49,000. National Bank of Canada FI purchased a new position in shares of Centrus Energy in the 4th quarter valued at $51,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Centrus Energy by 33,333.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $67,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 49.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Craig Hallum began coverage on Centrus Energy in a research note on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective for the company. Evercore ISI initiated coverage on shares of Centrus Energy in a report on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 price target on the stock. Wall Street Zen raised shares of Centrus Energy to a "sell" rating in a research report on Monday, February 10th. Citigroup assumed coverage on Centrus Energy in a research note on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target on the stock. Finally, HC Wainwright began coverage on Centrus Energy in a research note on Tuesday, February 25th. They set a "buy" rating and a $300.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $143.67.

Insider Transactions at Centrus Energy

In other 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 transaction of $359,428.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

Centrus Energy Stock Performance

LEU traded up $20.12 on Friday, reaching $113.29. The stock had a trading volume of 4,256,388 shares, compared to its average volume of 729,106. The business's 50-day moving average price is $73.79 and its two-hundred day moving average price is $79.38. The company has a market cap of $1.90 billion, a P/E ratio of 25.69 and a beta of 1.14. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $122.95. 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 (NYSE:LEU - Get Free Report) last announced 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 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 period last year, the firm posted ($0.38) earnings per share. Sell-side analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

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.