Reaves W H & Co. Inc. Invests $15.22 Million in Centrus Energy Corp. (NYSE:LEU)

Reaves W H & Co. Inc. acquired a new position in Centrus Energy Corp. (NYSE:LEU) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 228,413 shares of the company’s stock, valued at approximately $15,215,000.

Other large investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. bought a new stake in shares of Centrus Energy in the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC bought a new stake in shares of Centrus Energy in the 4th quarter worth approximately $113,000. Canton Hathaway LLC bought a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $161,000. Heritage Investors Management Corp bought a new stake in shares of Centrus Energy during the third quarter valued at approximately $203,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $216,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Trading Down 7.4 %

Centrus Energy stock opened at $84.00 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The business’s fifty day simple moving average is $86.16 and its two-hundred day simple moving average is $73.01. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 19.05 and a beta of 1.17.

Insiders Place Their Bets

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at approximately $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

LEU has been the topic of several research reports. HC Wainwright initiated coverage on Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target on the stock. StockNews.com upgraded 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, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Hold” and an average target price of $161.33.

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.