Invesco Ltd. Acquires 20,958 Shares of Centrus Energy Corp. (NYSE:LEU)

Invesco Ltd. lifted its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 509.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reaves W H & Co. Inc. acquired a new position in shares of Centrus Energy in the 4th quarter valued at approximately $15,215,000. TB Alternative Assets Ltd. acquired a new stake in Centrus Energy in the fourth quarter valued at $7,907,000. Vanguard Group Inc. lifted its holdings in Centrus Energy by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 967,393 shares of the company's stock worth $64,438,000 after buying an additional 71,872 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Centrus Energy by 290.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock valued at $4,732,000 after buying an additional 52,866 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Centrus Energy in the fourth quarter worth approximately $3,474,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

LEU traded down $1.42 during midday trading on Monday, reaching $72.00. The company had a trading volume of 41,820 shares, compared to its average volume of 726,299. Centrus Energy Corp. has a 12-month low of $33.51 and a 12-month high of $122.94. The business has a 50-day moving average price of $70.65 and a two-hundred day moving average price of $79.47. The stock has a market cap of $1.21 billion, a PE ratio of 16.33 and a beta of 1.26. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Insider Activity

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

Wall Street Analyst Weigh In

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

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.