Invesco Ltd. Raises Holdings in Centrus Energy Corp. (NYSE:LEU)

Invesco Ltd. boosted its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 509.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,073 shares of the company’s stock after acquiring an additional 20,958 shares during the quarter. Invesco Ltd.’s holdings in Centrus Energy were worth $1,670,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Centrus Energy by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 967,393 shares of the company’s stock worth $64,438,000 after purchasing an additional 71,872 shares during the period. Geode Capital Management LLC grew its position in Centrus Energy by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 325,603 shares of the company’s stock valued at $21,694,000 after buying an additional 5,668 shares during the period. Reaves W H & Co. Inc. acquired a new stake in Centrus Energy during the fourth quarter valued at $15,215,000. Charles Schwab Investment Management Inc. increased its holdings in Centrus Energy by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,392 shares of the company’s stock valued at $8,086,000 after buying an additional 6,709 shares in the last quarter. Finally, TB Alternative Assets Ltd. acquired a new position in shares of Centrus Energy in the fourth quarter worth about $7,907,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Stock Up 0.8 %

NYSE LEU opened at $70.96 on Wednesday. The business has a fifty day moving average price of $71.89 and a 200 day moving average price of $79.37. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market cap of $1.19 billion, a P/E ratio of 16.09 and a beta of 1.26. Centrus Energy Corp. has a one year low of $33.51 and a one year high of $122.95.

Analysts Set New Price Targets

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

Insider Activity

In related news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Centrus Energy 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.