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

Wellington Management Group LLP acquired a new position in Centrus Energy Corp. (NYSE:LEU - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 52,150 shares of the company's stock, valued at approximately $3,474,000. Wellington Management Group LLP owned approximately 0.32% of Centrus Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of LEU. BNP Paribas Financial Markets grew its stake in shares of Centrus Energy by 95.5% in the third quarter. BNP Paribas Financial Markets now owns 5,758 shares of the company's stock worth $316,000 after acquiring an additional 2,813 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Centrus Energy by 17.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,122 shares of the company's stock worth $1,762,000 after purchasing an additional 4,694 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Centrus Energy in the third quarter worth $250,000. Stifel Financial Corp increased its position in Centrus Energy by 48.2% during the third quarter. Stifel Financial Corp now owns 21,301 shares of the company's stock valued at $1,168,000 after acquiring an additional 6,929 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Centrus Energy in the third quarter valued at about $615,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Price Performance

Shares of LEU traded up $1.84 during mid-day trading on Thursday, reaching $66.99. The stock had a trading volume of 128,112 shares, compared to its average volume of 668,448. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 15.25 and a beta of 1.26. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The business has a fifty day moving average of $79.99 and a 200 day moving average of $78.90. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Analysts Set New Price Targets

LEU has been the subject of a number of recent research reports. StockNews.com upgraded Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Citigroup assumed coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 target price for the company. Craig Hallum started coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a "buy" rating and a $129.00 price target on the stock. Finally, HC Wainwright began coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. One 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $143.40.

Insider Buying and Selling

In other 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 sale, the senior vice president now owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

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.