Allianz SE Makes New Investment in Centrus Energy Corp. (NYSE:LEU)

Allianz SE bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,772 shares of the company’s stock, valued at approximately $527,000.

A number of other institutional investors have also modified their holdings of the stock. Cape Investment Advisory Inc. purchased a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. grew its position in shares of Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Centrus Energy by 33,333.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC purchased a new stake in Centrus Energy in the fourth quarter valued at $113,000. Finally, Canton Hathaway LLC purchased a new stake in Centrus Energy in the 4th quarter valued at about $161,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Insider Activity at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were 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 owns 9,402 shares of the company’s stock, valued at $1,131,154.62. This represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LEU has been the topic of several recent research reports. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Citigroup started coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price target on the stock. Finally, HC Wainwright began coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $147.00.

Centrus Energy Stock Performance

Shares of LEU opened at $66.25 on Monday. The company’s 50 day simple moving average is $87.35 and its 200 day simple moving average is $78.00. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.02 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.

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.