Daiwa Securities Group Inc. Decreases Stock Holdings in Centrus Energy Corp. (NYSE:LEU)

Daiwa Securities Group Inc. decreased its position in Centrus Energy Corp. (NYSE:LEU) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,910 shares of the company’s stock after selling 643 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Centrus Energy were worth $2,259,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cape Investment Advisory Inc. purchased a new position in shares of Centrus Energy in the fourth quarter valued at about $27,000. PNC Financial Services Group Inc. increased its position in shares of Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock valued at $29,000 after buying an additional 192 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Centrus Energy during the fourth quarter valued at about $113,000. Canton Hathaway LLC purchased a new position in shares of Centrus Energy during the fourth quarter valued at about $161,000. Finally, Financial Advocates Investment Management purchased a new position in shares of Centrus Energy during the fourth quarter valued at about $216,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

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

Centrus Energy Trading Up 6.1 %

NYSE:LEU opened at $76.38 on Friday. Centrus Energy Corp. has a one year low of $33.51 and a one 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. The company’s 50-day simple moving average is $87.49 and its 200 day simple moving average is $75.00. The firm has a market capitalization of $1.28 billion, a P/E ratio of 17.32 and a beta of 1.35.

Centrus Energy Company 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.