Todd Tinelli Sells 306 Shares of Centrus Energy (NYSE:LEU) Stock

Centrus Energy Corp. (NYSE:LEU) CFO Todd Tinelli sold 306 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this link.

Centrus Energy Stock Down 4.9%

Shares of NYSE:LEU opened at $202.81 on Wednesday. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 67.16, a PEG ratio of 21.70 and a beta of 1.43. Centrus Energy Corp. has a fifty-two week low of $90.25 and a fifty-two week high of $464.25. The firm’s 50-day simple moving average is $198.46 and its 200-day simple moving average is $246.06.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. During the same period in the prior year, the business posted $1.60 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts predict that Centrus Energy Corp. will post 2.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on LEU shares. 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. Stifel Nicolaus set a $246.00 target price on Centrus Energy in a research report on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Zacks Research downgraded Centrus Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Finally, UBS Group lowered their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $268.18.

Institutional Trading of Centrus Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Centrus Energy by 309.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,754 shares of the company’s stock worth $10,776,000 after purchasing an additional 26,257 shares during the period. American Century Companies Inc. lifted its stake in shares of Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after acquiring an additional 194,909 shares during the period. Nordea Investment Management AB acquired a new position in shares of Centrus Energy during the 3rd quarter valued at $5,427,000. Van ECK Associates Corp raised its position in Centrus Energy by 25.9% in the third quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after acquiring an additional 160,482 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Centrus Energy by 16.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 53,766 shares of the company’s stock worth $13,052,000 after purchasing an additional 7,450 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.