Reaves W H & Co. Inc. Sells 34,289 Shares of Centrus Energy Corp. $LEU

Reaves W H & Co. Inc. trimmed its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 16.4% during the fourth quarter, HoldingsChannel reports. The fund owned 174,500 shares of the company’s stock after selling 34,289 shares during the period. Reaves W H & Co. Inc.’s holdings in Centrus Energy were worth $42,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in Centrus Energy in the 4th quarter worth $30,000. RiverPark Advisors LLC acquired a new position in Centrus Energy in the 3rd quarter worth $33,000. Fulcrum Asset Management LLP acquired a new position in Centrus Energy in the 3rd quarter worth $34,000. Rothschild Investment LLC boosted its stake in Centrus Energy by 54.9% in 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 bought a new position in shares of Centrus Energy during the fourth quarter worth about $39,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Stock Up 0.2%

NYSE:LEU opened at $182.80 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The company has a market cap of $3.60 billion, a PE ratio of 60.53, a PEG ratio of 23.05 and a beta of 1.34. Centrus Energy Corp. has a 52-week low of $117.64 and a 52-week high of $464.25. The stock has a 50-day simple moving average of $192.47 and a 200 day simple moving average of $231.26.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.60 earnings per share. On average, sell-side analysts expect that Centrus Energy Corp. will post 2.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LEU shares. B. Riley Financial decreased their price objective on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Stifel Nicolaus set a $246.00 price objective on Centrus Energy in a report on Thursday, February 12th. Citigroup decreased their price objective on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $268.18.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

About Centrus Energy

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.