First Trust Advisors LP Sells 4,693 Shares of Centrus Energy Corp. (NYSE:LEU)

First Trust Advisors LP cut its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,578 shares of the company's stock after selling 4,693 shares during the quarter. First Trust Advisors LP owned 0.28% of Centrus Energy worth $3,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $49,000. Summit Investment Advisors Inc. increased its stake in shares of Centrus Energy by 16.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after acquiring an additional 195 shares during the last quarter. Scotia Capital Inc. bought a new position in shares of Centrus Energy during the fourth quarter worth $583,000. Raymond James Financial Inc. acquired a new stake in Centrus Energy during the 4th quarter worth $370,000. Finally, Renaissance Technologies LLC lifted its holdings in Centrus Energy by 25.7% during the fourth quarter. Renaissance Technologies LLC now owns 87,400 shares of the company's stock worth $5,822,000 after acquiring an additional 17,849 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Larry B. Cutlip sold 4,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total transaction of $481,240.00. Following the transaction, the senior vice president now owns 9,402 shares in the company, valued at approximately $1,131,154.62. This represents a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by insiders.

Centrus Energy Trading Up 2.2 %

Shares of Centrus Energy stock traded up $1.98 on Friday, hitting $90.44. The stock had a trading volume of 542,594 shares, compared to its average volume of 737,683. The stock has a 50 day moving average of $69.64 and a 200 day moving average of $79.16. The firm has a market capitalization of $1.52 billion, a P/E ratio of 20.51 and a beta of 1.14. Centrus Energy Corp. has a twelve month low of $33.51 and a twelve month high of $122.94. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

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, topping 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%. The business's revenue was up 67.3% compared to the same quarter last year. During the same period last year, the company earned ($0.38) EPS. Sell-side analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LEU. Citigroup initiated coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price objective on the stock. Craig Hallum began coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 target price for the company. StockNews.com raised Centrus Energy to a "sell" rating in a research report on Monday, February 10th. Finally, HC Wainwright initiated coverage on Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $143.40.

Centrus Energy 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.