Raymond James Financial Inc. Invests $370,000 in Centrus Energy Corp. (NYSE:LEU)

Raymond James Financial Inc. purchased a new stake in shares of Centrus Energy Corp. (NYSE:LEU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,556 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Centrus Energy by 5.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 114,683 shares of the company’s stock valued at $6,290,000 after purchasing an additional 5,919 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Centrus Energy by 95.5% during the third quarter. BNP Paribas Financial Markets now owns 5,758 shares of the company’s stock worth $316,000 after purchasing an additional 2,813 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Centrus Energy by 17.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,122 shares of the company’s stock valued at $1,762,000 after purchasing an additional 4,694 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Centrus Energy in the third quarter valued at about $250,000. Finally, Stifel Financial Corp lifted its stake in Centrus Energy by 48.2% in the third quarter. Stifel Financial Corp now owns 21,301 shares of the company’s stock valued at $1,168,000 after buying an additional 6,929 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Insider Activity at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the transaction, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LEU. Citigroup started coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price target for the company. HC Wainwright started coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price objective for the company. Craig Hallum started coverage on shares of Centrus Energy in a report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 target price on the stock. Finally, StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $143.40.

Centrus Energy Trading Up 16.1 %

NYSE LEU opened at $64.35 on Thursday. The stock has a 50 day moving average of $82.37 and a 200-day moving average of $78.76. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The company has a market cap of $1.08 billion, a PE ratio of 14.59 and a beta of 1.26. 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 Company Profile

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.