Legal & General Group Plc Cuts Stake in Centrus Energy Corp. (NYSE:LEU)

Legal & General Group Plc decreased its stake in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,784 shares of the company's stock after selling 3,886 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of Centrus Energy worth $918,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in Centrus Energy by 103.8% during the third quarter. Barclays PLC now owns 37,588 shares of the company's stock worth $2,061,000 after buying an additional 19,140 shares during the period. Geode Capital Management LLC lifted its stake in shares of Centrus Energy by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company's stock worth $17,552,000 after purchasing an additional 15,080 shares during the last quarter. Tidal Investments LLC bought a new stake in Centrus Energy during the third quarter valued at about $334,000. JPMorgan Chase & Co. grew its stake in Centrus Energy by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock valued at $345,000 after purchasing an additional 186 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in Centrus Energy by 131.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 11,715 shares of the company's stock worth $780,000 after purchasing an additional 6,645 shares in the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Centrus Energy Stock Performance

NYSE LEU traded up $2.48 during trading hours on Friday, reaching $73.57. The stock had a trading volume of 114,667 shares, compared to its average volume of 677,326. Centrus Energy Corp. has a 52-week low of $33.51 and a 52-week high of $122.95. 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 stock has a market cap of $1.23 billion, a P/E ratio of 16.70 and a beta of 1.26. The stock has a fifty day moving average of $70.94 and a 200 day moving average of $79.38.

Insider Buying and Selling at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the firm's 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 sale, the senior vice president now owns 9,402 shares of the company's stock, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

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.