New York State Common Retirement Fund Reduces Holdings in Centrus Energy Corp. (NYSE:LEU)

New York State Common Retirement Fund cut its stake in Centrus Energy Corp. (NYSE:LEU) by 60.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,304 shares of the company’s stock after selling 6,500 shares during the period. New York State Common Retirement Fund’s holdings in Centrus Energy were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LEU. JPMorgan Chase & Co. lifted its holdings in shares of Centrus Energy by 3.0% in the 3rd 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. Janney Montgomery Scott LLC increased its position in Centrus Energy by 5.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,099 shares of the company’s stock worth $673,000 after buying an additional 562 shares during the period. Portland Investment Counsel Inc. increased its position in Centrus Energy by 23.1% during the third quarter. Portland Investment Counsel Inc. now owns 8,000 shares of the company’s stock worth $439,000 after buying an additional 1,500 shares during the period. Hollow Brook Wealth Management LLC lifted its stake in Centrus Energy by 4.1% in the third quarter. Hollow Brook Wealth Management LLC now owns 38,920 shares of the company’s stock valued at $2,135,000 after buying an additional 1,521 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $113,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

LEU has been the topic of a number of recent research reports. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Monday, February 10th. HC Wainwright started coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, Citigroup began coverage on shares of Centrus Energy in a research note on Tuesday. They set a “neutral” rating and a $104.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Centrus Energy currently has a consensus rating of “Hold” and a consensus target price of $147.00.

Centrus Energy Stock Performance

NYSE:LEU opened at $88.80 on Wednesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 20.14 and a beta of 1.17. The firm’s fifty day moving average price is $86.56 and its 200 day moving average price is $73.38. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $122.95.

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.