PNC Financial Services Group Inc. Raises Stock Position in Centrus Energy Corp. (NYSE:LEU)

PNC Financial Services Group Inc. boosted its position in shares of Centrus Energy Corp. (NYSE:LEU) by 77.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 440 shares of the company’s stock after purchasing an additional 192 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Centrus Energy were worth $29,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LEU. Cape Investment Advisory Inc. acquired a new position in shares of Centrus Energy in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC acquired a new stake in shares of Centrus Energy in the fourth quarter worth $113,000. Canton Hathaway LLC purchased a new position in shares of Centrus Energy in the 4th quarter valued at $161,000. Financial Advocates Investment Management acquired a new position in shares of Centrus Energy during the 4th quarter valued at $216,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Centrus Energy during the 4th quarter worth $225,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Stock Performance

Centrus Energy stock opened at $69.10 on Friday. Centrus Energy Corp. has a fifty-two week low of $33.51 and a fifty-two week high of $122.95. The firm’s 50 day simple moving average is $87.58 and its 200-day simple moving average is $77.24. 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 company has a market cap of $1.16 billion, a P/E ratio of 15.67 and a beta of 1.35.

Insider Buying and Selling

In other news, SVP Larry B. Cutlip sold 4,000 shares of the business’s 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. HC Wainwright assumed coverage on Centrus Energy in a research report on Tuesday, February 25th. They set 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. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Centrus Energy currently has a consensus rating of “Hold” and a consensus price target of $147.00.

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.