Wellington Management Group LLP Acquires New Position in Centrus Energy Corp. (NYSE:LEU)

Wellington Management Group LLP acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 52,150 shares of the company's stock, valued at approximately $3,474,000. Wellington Management Group LLP owned 0.31% of Centrus Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LEU. Nuveen Asset Management LLC grew its holdings in shares of Centrus Energy by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock worth $1,947,000 after purchasing an additional 188 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 worth $29,000 after acquiring an additional 192 shares in the last quarter. Old West Investment Management LLC raised its position in Centrus Energy by 1.9% in the 4th quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock valued at $676,000 after purchasing an additional 192 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Centrus Energy by 16.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after purchasing an additional 195 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Centrus Energy during the fourth quarter worth $27,000. Institutional investors own 49.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup started coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 target price on the stock. Evercore ISI started coverage on shares of Centrus Energy in a report on Wednesday, May 14th. They set an "outperform" rating and a $145.00 target price for the company. Wall Street Zen raised shares of Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Craig Hallum assumed coverage on Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price target for the company. Finally, William Blair started coverage on Centrus Energy in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.00.

Centrus Energy Price Performance

Shares of LEU traded up $6.77 during mid-day trading on Friday, reaching $143.11. The company had a trading volume of 994,625 shares, compared to its average volume of 777,836. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $146.83. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 32.45 and a beta of 1.37. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company's 50 day simple moving average is $83.99 and its 200 day simple moving average is $82.16.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the business earned ($0.38) earnings per share. The firm's revenue for the quarter was up 67.3% on a year-over-year basis. Analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John M. A. Donelson sold 3,732 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total value of $359,428.92. The disclosure for this sale can be found here. 1.00% of the stock is 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.