Legato Capital Management LLC Sells 3,961 Shares of Centrus Energy Corp. $LEU

Legato Capital Management LLC lessened its stake in Centrus Energy Corp. (NYSE:LEU) by 53.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,436 shares of the company’s stock after selling 3,961 shares during the period. Legato Capital Management LLC’s holdings in Centrus Energy were worth $834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. RiverPark Advisors LLC bought a new stake in Centrus Energy in the third quarter valued at about $33,000. Fulcrum Asset Management LLP bought a new stake in Centrus Energy in the third quarter valued at about $34,000. Aventura Private Wealth LLC bought a new stake in Centrus Energy in the fourth quarter valued at about $30,000. Rothschild Investment LLC increased its holdings in shares of Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Centrus Energy in the third quarter worth about $41,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Down 0.1%

LEU stock opened at $179.25 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88. The stock has a market capitalization of $3.53 billion, a P/E ratio of 59.35, a P/E/G ratio of 18.58 and a beta of 1.43. The business has a 50-day moving average of $194.70 and a 200-day moving average of $234.46. Centrus Energy Corp. has a fifty-two week low of $100.50 and a fifty-two week high of $464.25.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. The company had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.Centrus Energy’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

LEU has been the subject of several recent analyst reports. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. JPMorgan Chase & Co. lowered their price target on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Citigroup lowered their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Finally, B. Riley Financial lowered their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $268.18.

Insider Buying and Selling at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by corporate insiders.

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.