Centrus Energy (NYSE:LEU) CFO Todd Tinelli Sells 306 Shares of Stock

Centrus Energy Corp. (NYSE:LEU) CFO Todd Tinelli sold 306 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a filing with the SEC, which is available through this link.

Centrus Energy Stock Performance

Shares of LEU opened at $212.64 on Tuesday. The business has a fifty day moving average of $198.45 and a 200 day moving average of $246.85. The firm has a market capitalization of $4.18 billion, a P/E ratio of 70.41, a PEG ratio of 20.19 and a beta of 1.43. Centrus Energy Corp. has a one year low of $90.25 and a one year high of $464.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The firm had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. During the same quarter in the previous year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Centrus Energy Corp. will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LEU. Zacks Research downgraded shares of Centrus Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Weiss Ratings downgraded shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. JPMorgan Chase & Co. cut their price objective on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Northland Securities set a $285.00 price objective on Centrus Energy in a research report on Thursday, February 12th. Finally, Stifel Nicolaus set a $246.00 price objective on Centrus Energy in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $268.18.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds have recently added to or reduced their stakes in LEU. Comerica Bank boosted its position in Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares during the period. Royal Bank of Canada boosted its position in Centrus Energy by 57.6% in the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock valued at $1,074,000 after buying an additional 6,312 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Centrus Energy by 45.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after buying an additional 17,014 shares during the period. Creative Planning purchased a new stake in Centrus Energy in the 2nd quarter valued at about $435,000. Finally, JPMorgan Chase & Co. boosted its position in Centrus Energy by 12.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock valued at $1,556,000 after buying an additional 917 shares during the period. 49.96% of the stock is currently owned by institutional investors.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.