Granahan Investment Management LLC Sells 93,425 Shares of Centrus Energy Corp. $LEU

Granahan Investment Management LLC lessened its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 55.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,235 shares of the company’s stock after selling 93,425 shares during the quarter. Granahan Investment Management LLC’s holdings in Centrus Energy were worth $18,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vermillion Wealth Management Inc. grew its stake in shares of Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of Centrus Energy during the third quarter worth $33,000. Fulcrum Asset Management LLP bought a new stake in shares of Centrus Energy during the third quarter worth $34,000. Aventura Private Wealth LLC bought a new position in shares of Centrus Energy during the fourth quarter valued at $30,000. Finally, Rothschild Investment LLC lifted its holdings in shares of Centrus Energy by 54.9% during the third 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. Institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

LEU has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Citigroup cut their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. UBS Group cut their price target on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday. B. Riley Financial cut their price target on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.91.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Centrus Energy Trading Down 6.3%

LEU opened at $165.59 on Wednesday. Centrus Energy Corp. has a 1-year low of $144.65 and a 1-year high of $464.25. 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 has a market cap of $3.26 billion, a P/E ratio of 54.83, a price-to-earnings-growth ratio of 21.58 and a beta of 1.34. The company has a fifty day moving average price of $188.64 and a two-hundred day moving average price of $224.23.

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 the consensus estimate of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The firm had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. During the same period in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Analysts predict that Centrus Energy Corp. will post 2.74 EPS for the current fiscal year.

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.