PNC Financial Services Group Inc. Acquires 192 Shares of Centrus Energy Corp. (NYSE:LEU)

PNC Financial Services Group Inc. raised its holdings in Centrus Energy Corp. (NYSE:LEU) by 77.4% in the 4th quarter, HoldingsChannel reports. The firm owned 440 shares of the company’s stock after purchasing an additional 192 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Centrus Energy were worth $29,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LEU. Cape Investment Advisory Inc. bought a new position in shares of Centrus Energy in the fourth quarter worth about $27,000. Venturi Wealth Management LLC acquired a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $113,000. Canton Hathaway LLC bought a new position in Centrus Energy in the 4th quarter worth approximately $161,000. Financial Advocates Investment Management acquired a new position in Centrus Energy during the 4th quarter worth $216,000. Finally, SBI Securities Co. Ltd. bought a new position in Centrus Energy in the 4th quarter valued at $225,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Insider Transactions at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the sale, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LEU shares. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Monday, February 10th. HC Wainwright began coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, Citigroup started coverage on Centrus Energy in a research note on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $147.00.

Centrus Energy Stock Performance

Centrus Energy stock opened at $69.10 on Friday. The business has a 50 day moving average of $87.58 and a 200-day moving average of $77.24. The company has a market capitalization of $1.16 billion, a P/E ratio of 15.67 and a beta of 1.35. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $122.95. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy Profile

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.