Citigroup Begins Coverage on Centrus Energy (NYSE:LEU)

Citigroup assumed coverage on shares of Centrus Energy (NYSE:LEU) in a research note released on Tuesday, Marketbeat reports. The firm issued a neutral rating and a $104.00 price target on the stock.

Other research analysts also recently issued research reports about the company. HC Wainwright began coverage on Centrus Energy in a research note on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target for the company. StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $147.00.

Centrus Energy Stock Down 5.7 %

LEU stock opened at $79.72 on Tuesday. 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 capitalization of $1.34 billion, a price-to-earnings ratio of 18.08 and a beta of 1.35. Centrus Energy has a fifty-two week low of $33.51 and a fifty-two week high of $122.95. The stock has a fifty day moving average of $87.01 and a 200-day moving average of $73.50.

Insider Activity

In other news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total transaction of $481,240.00. Following the completion of the sale, the senior vice president now owns 9,402 shares in the company, valued at approximately $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale 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.

Institutional Trading of Centrus Energy

Large investors have recently modified their holdings of the business. Diamond Hill Capital Management Inc. raised its holdings in shares of Centrus Energy by 22.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock valued at $6,822,000 after buying an additional 22,605 shares in the last quarter. Barclays PLC raised its holdings in shares of Centrus Energy by 103.8% during the 3rd quarter. Barclays PLC now owns 37,588 shares of the company’s stock valued at $2,061,000 after buying an additional 19,140 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Centrus Energy by 97.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 63,480 shares of the company’s stock valued at $3,482,000 after buying an additional 31,408 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Centrus Energy by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock valued at $17,552,000 after buying an additional 15,080 shares in the last quarter. Finally, Legacy Bridge LLC purchased a new position in shares of Centrus Energy during the 4th quarter valued at about $657,000. Institutional investors own 49.96% 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.