Centrus Energy Corp. $LEU Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 72.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,578 shares of the company’s stock after selling 11,802 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Centrus Energy were worth $1,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LEU. Aventura Private Wealth LLC acquired a new position in shares of Centrus Energy during the 4th quarter worth $30,000. RiverPark Advisors LLC acquired a new position in shares of Centrus Energy during the 3rd quarter worth $33,000. Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy during the 3rd quarter worth $34,000. Rothschild Investment LLC grew its stake in shares of Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Centrus Energy during the 4th quarter worth $39,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LEU shares. Weiss Ratings lowered shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Citigroup decreased their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Stifel Nicolaus set a $246.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. One 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 company. Based on data from MarketBeat.com, Centrus Energy presently has an average rating of “Moderate Buy” and an average price target of $268.18.

Centrus Energy Price Performance

NYSE:LEU opened at $179.25 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 18.35 and a beta of 1.43. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. The company’s 50-day moving average is $195.41 and its two-hundred day moving average is $236.25. Centrus Energy Corp. has a 12-month low of $100.50 and a 12-month high of $464.25.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. The company had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. Research analysts expect that Centrus Energy Corp. will post 2.55 EPS for the current year.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were 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 can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Centrus Energy 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.