Insider Selling: Centrus Energy (NYSE:LEU) CFO Sells 306 Shares of Stock

Centrus Energy Corp. (NYSE:LEU) CFO Todd Tinelli sold 306 shares of Centrus Energy stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Centrus Energy Stock Performance

LEU traded up $5.31 during midday trading on Monday, reaching $212.64. The company’s stock had a trading volume of 1,081,659 shares, compared to its average volume of 1,042,757. The stock has a market cap of $4.18 billion, a P/E ratio of 70.41, a PEG ratio of 20.19 and a beta of 1.43. The company has a fifty day simple moving average of $198.47 and a 200 day simple moving average of $249.36. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. Centrus Energy Corp. has a twelve month low of $90.25 and a twelve month high of $464.25.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The firm had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. During the same quarter last year, the firm posted $1.60 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Research analysts expect that Centrus Energy Corp. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LEU shares. JPMorgan Chase & Co. reduced their price objective on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Zacks Research cut Centrus Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Northland Securities set a $285.00 price objective on Centrus Energy in a research report on Thursday, February 12th. Weiss Ratings cut Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $246.00 price objective on Centrus Energy in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and an average price target of $268.18.

Institutional Trading of Centrus Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Centrus Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock valued at $263,745,000 after purchasing an additional 14,325 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Centrus Energy by 6.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,477 shares of the company’s stock valued at $290,376,000 after purchasing an additional 58,634 shares during the period. Van ECK Associates Corp increased its position in shares of Centrus Energy by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after purchasing an additional 114,881 shares during the period. Bank of New York Mellon Corp boosted its stake in Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after buying an additional 143,069 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after buying an additional 194,909 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.