KLP Kapitalforvaltning AS Buys Shares of 2,600 Centrus Energy Corp. (NYSE:LEU)

KLP Kapitalforvaltning AS purchased a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,600 shares of the company’s stock, valued at approximately $173,000.

Other hedge funds have also made changes to their positions in the company. Reaves W H & Co. Inc. acquired a new position in shares of Centrus Energy during the fourth quarter worth approximately $15,215,000. FMR LLC raised its stake in Centrus Energy by 79.3% during the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after acquiring an additional 188,478 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in Centrus Energy during the 4th quarter worth $7,907,000. Exchange Traded Concepts LLC grew its stake in shares of Centrus Energy by 290.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company’s stock worth $4,732,000 after purchasing an additional 52,866 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Centrus Energy during the third quarter valued at $1,639,000. Institutional investors own 49.96% of the company’s stock.

Insider Buying and Selling at Centrus Energy

In related 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 value of $481,240.00. Following the transaction, the senior vice president now owns 9,402 shares of the company’s stock, valued at approximately $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LEU. HC Wainwright initiated coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 target price for the company. Craig Hallum began coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a “buy” rating and a $129.00 price objective on the stock. StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Monday, February 10th. 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 target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Centrus Energy currently has an average rating of “Hold” and an average target price of $143.40.

Centrus Energy Stock Down 5.3 %

NYSE LEU opened at $55.45 on Wednesday. Centrus Energy Corp. has a 12 month low of $33.51 and a 12 month high of $122.95. The company has a market capitalization of $929.62 million, a P/E ratio of 12.57 and a beta of 1.26. The company’s 50 day simple moving average is $83.15 and its 200 day simple moving average is $78.77. 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.