Prosperity Wealth Management Inc. Makes New Investment in Centrus Energy Corp. (NYSE:LEU)

Prosperity Wealth Management Inc. acquired a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,640 shares of the company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new stake in shares of Centrus Energy in the third quarter valued at about $244,000. Victory Capital Management Inc. boosted its position in shares of Centrus Energy by 117.4% in the third quarter. Victory Capital Management Inc. now owns 16,431 shares of the company’s stock valued at $901,000 after acquiring an additional 8,874 shares during the period. Chesapeake Capital Corp IL bought a new stake in shares of Centrus Energy in the third quarter valued at about $315,000. L & S Advisors Inc bought a new stake in shares of Centrus Energy in the third quarter valued at about $2,089,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Centrus Energy by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 114,683 shares of the company’s stock valued at $6,290,000 after acquiring an additional 5,919 shares during the period. 49.96% of the stock is owned by institutional investors.

Centrus Energy Stock Up 0.4 %

LEU stock opened at $74.24 on Thursday. The company has a market cap of $1.24 billion, a PE ratio of 16.83 and a beta of 1.35. The business has a 50-day simple moving average of $87.62 and a 200 day simple moving average of $74.76. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LEU. HC Wainwright began 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. Citigroup began coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 target price for the company. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $147.00.

Insider Activity at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the business’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 of the company’s stock, valued at approximately $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

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.