Invesco Ltd. Grows Position in Centrus Energy Corp. (NYSE:LEU)

Invesco Ltd. raised its holdings in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 509.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,073 shares of the company's stock after purchasing an additional 20,958 shares during the period. Invesco Ltd. owned 0.15% of Centrus Energy worth $1,670,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LEU. Cape Investment Advisory Inc. purchased a new stake in Centrus Energy during the fourth quarter worth $27,000. PNC Financial Services Group Inc. lifted its stake in shares of Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. National Bank of Canada FI bought a new stake in Centrus Energy during the fourth quarter valued at about $51,000. Farther Finance Advisors LLC grew its stake in Centrus Energy by 33,333.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Centrus Energy in the fourth quarter worth about $113,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Trading Up 0.8 %

NYSE:LEU opened at $70.96 on Wednesday. The company has a market capitalization of $1.19 billion, a P/E ratio of 16.09 and a beta of 1.26. 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 Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The firm has a fifty day simple moving average of $71.89 and a 200-day simple moving average of $79.37.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total transaction of $481,240.00. Following the completion of the sale, the senior vice president now directly owns 9,402 shares in the company, valued at approximately $1,131,154.62. The trade was a 29.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

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

About Centrus Energy

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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