JPMorgan Chase & Co. Acquires 1,316 Shares of Centrus Energy Corp. (NYSE:LEU)

JPMorgan Chase & Co. lifted its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 20.9% during the 4th quarter, Holdings Channel reports. The firm owned 7,604 shares of the company’s stock after purchasing an additional 1,316 shares during the period. JPMorgan Chase & Co.’s holdings in Centrus Energy were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its stake in Centrus Energy by 103.8% in the third quarter. Barclays PLC now owns 37,588 shares of the company’s stock valued at $2,061,000 after purchasing an additional 19,140 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Centrus Energy in the 3rd quarter valued at approximately $334,000. SeaCrest Wealth Management LLC lifted its holdings in shares of Centrus Energy by 131.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 11,715 shares of the company’s stock worth $780,000 after acquiring an additional 6,645 shares during the period. Hanseatic Management Services Inc. acquired a new stake in shares of Centrus Energy during the 4th quarter worth approximately $422,000. Finally, TB Alternative Assets Ltd. acquired a new stake in shares of Centrus Energy during the 4th quarter worth approximately $7,907,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $69.29 on Thursday. The business’s fifty day simple moving average is $71.31 and its 200 day simple moving average is $79.30. 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 Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The firm has a market capitalization of $1.16 billion, a P/E ratio of 15.71 and a beta of 1.26.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Monday, February 10th. HC Wainwright began coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 target price on the stock. Craig Hallum initiated coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a “buy” rating and a $129.00 target price on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $143.40.

Insider Transactions at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the sale, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at approximately $1,131,154.62. This represents a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Centrus Energy

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.