Ipswich Investment Management Co. Inc. Takes Position in Centrus Energy Corp. (NYSE:LEU)

Ipswich Investment Management Co. Inc. bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,750 shares of the company’s stock, valued at approximately $716,000.

Several other hedge funds have also added to or reduced their stakes in LEU. Diamond Hill Capital Management Inc. raised its stake in shares of Centrus Energy by 22.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock worth $6,822,000 after purchasing an additional 22,605 shares in the last quarter. Barclays PLC lifted its position in shares of Centrus Energy by 103.8% during the 3rd quarter. Barclays PLC now owns 37,588 shares of the company’s stock worth $2,061,000 after buying an additional 19,140 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Centrus Energy by 97.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 63,480 shares of the company’s stock worth $3,482,000 after acquiring an additional 31,408 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Centrus Energy by 4.9% during the third quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock valued at $17,552,000 after acquiring an additional 15,080 shares during the last quarter. Finally, Legacy Bridge LLC bought a new stake in Centrus Energy in the fourth quarter valued at approximately $657,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Roth Mkm dropped their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, B. Riley boosted their price target on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Insider Buying and Selling

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 transaction of $481,240.00. Following the completion of the transaction, the senior vice president now owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Centrus Energy Stock Down 5.7 %

Shares of Centrus Energy stock opened at $98.27 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy Corp. has a 52-week low of $33.51 and a 52-week high of $122.94. The stock has a market capitalization of $1.65 billion, a PE ratio of 23.62 and a beta of 1.17. The company has a 50-day simple moving average of $83.36 and a two-hundred day simple moving average of $70.00.

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.