Centrus Energy (NYSE:LEU) Now Covered by Craig Hallum

Craig Hallum started coverage on shares of Centrus Energy (NYSE:LEU) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $129.00 price objective on the stock.

A number of other research analysts have also recently commented on LEU. Citigroup initiated coverage on Centrus Energy in a research note on Tuesday, March 4th. They set a “neutral” rating and a $104.00 target price on the stock. HC Wainwright assumed coverage on Centrus Energy in a research report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $143.40.

Centrus Energy Stock Performance

Shares of NYSE:LEU opened at $64.91 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy has a 12 month low of $33.51 and a 12 month high of $122.95. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.72 and a beta of 1.35. The firm’s 50-day moving average is $86.57 and its 200 day moving average is $78.34.

Insiders Place Their Bets

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the firm’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 transaction, the senior vice president now owns 9,402 shares of the company’s stock, valued at approximately $1,131,154.62. This trade represents a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Centrus Energy by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company’s stock worth $345,000 after buying an additional 186 shares during the period. Nuveen Asset Management LLC raised its position in shares of Centrus Energy by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company’s stock worth $1,947,000 after acquiring an additional 188 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Old West Investment Management LLC boosted its position in Centrus Energy by 1.9% during the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company’s stock valued at $676,000 after purchasing an additional 192 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in Centrus Energy by 16.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company’s stock valued at $93,000 after purchasing an additional 195 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

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.