Swiss National Bank Grows Stake in Centrus Energy Corp. (NYSE:LEU)

Swiss National Bank raised its position in shares of Centrus Energy Corp. (NYSE:LEU) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,600 shares of the company’s stock after purchasing an additional 700 shares during the period. Swiss National Bank owned about 0.17% of Centrus Energy worth $1,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Reaves W H & Co. Inc. purchased a new stake in Centrus Energy during the fourth quarter worth $15,215,000. FMR LLC raised its holdings in shares of Centrus Energy by 79.3% during the third quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after purchasing an additional 188,478 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in Centrus Energy during the fourth quarter valued at $7,907,000. Exchange Traded Concepts LLC grew its holdings in Centrus Energy by 290.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company’s stock worth $4,732,000 after acquiring an additional 52,866 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $1,895,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Trading Down 4.1 %

Shares of Centrus Energy stock opened at $66.25 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm’s 50-day moving average price is $87.35 and its 200 day moving average price is $77.45. The firm has a market capitalization of $1.11 billion, a PE ratio of 15.02 and a beta of 1.35. Centrus Energy Corp. has a twelve month low of $33.51 and a twelve month high of $122.95.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LEU. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Citigroup assumed coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective on the stock. Finally, 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 for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Centrus Energy presently has a consensus rating of “Hold” and an average price target of $147.00.

Insider Buying and Selling at Centrus Energy

In related news, SVP Larry B. Cutlip sold 4,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total transaction of $481,240.00. Following the completion of the sale, the senior vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by 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.