Reaves W H & Co. Inc. Sells 34,289 Shares of Centrus Energy Corp. $LEU

Reaves W H & Co. Inc. cut its position in shares of Centrus Energy Corp. (NYSE:LEU) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,500 shares of the company’s stock after selling 34,289 shares during the period. Reaves W H & Co. Inc. owned about 0.96% of Centrus Energy worth $42,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LEU. Comerica Bank increased its position in shares of Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares during the period. Royal Bank of Canada grew its position in Centrus Energy by 57.6% in the first quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock valued at $1,074,000 after acquiring an additional 6,312 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Centrus Energy by 45.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after acquiring an additional 17,014 shares during the period. Creative Planning bought a new stake in Centrus Energy in the second quarter valued at $435,000. Finally, JPMorgan Chase & Co. grew its position in Centrus Energy by 12.1% in the second quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock valued at $1,556,000 after acquiring an additional 917 shares during the period. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Trading Up 0.2%

Shares of LEU opened at $182.80 on Monday. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. Centrus Energy Corp. has a 12-month low of $117.64 and a 12-month high of $464.25. The firm has a market capitalization of $3.60 billion, a PE ratio of 60.53, a price-to-earnings-growth ratio of 23.05 and a beta of 1.34. The stock’s fifty day simple moving average is $192.47 and its 200-day simple moving average is $231.26.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts predict that Centrus Energy Corp. will post 2.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup lowered their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. B. Riley Financial lowered their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Stifel Nicolaus set a $246.00 price target on Centrus Energy in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $268.18.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Centrus Energy Company Profile

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.