Bailard Inc. decreased its position in shares of Centrus Energy Corp. (NYSEAMERICAN:LEU – Get Rating) by 57.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,058 shares of the basic materials company’s stock after selling 6,752 shares during the period. Bailard Inc.’s holdings in Centrus Energy were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LEU. Royal Bank of Canada boosted its position in Centrus Energy by 72.7% in the third quarter. Royal Bank of Canada now owns 1,119 shares of the basic materials company’s stock valued at $43,000 after buying an additional 471 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Centrus Energy in the fourth quarter valued at approximately $74,000. BNP Paribas Arbitrage SA boosted its position in Centrus Energy by 106.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,547 shares of the basic materials company’s stock valued at $98,000 after buying an additional 1,313 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in Centrus Energy in the third quarter valued at approximately $102,000. Finally, Bank of America Corp DE boosted its position in Centrus Energy by 1,434.4% in the second quarter. Bank of America Corp DE now owns 4,419 shares of the basic materials company’s stock valued at $112,000 after buying an additional 4,131 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
In other news, major shareholder Morris Bawabeh purchased 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average cost of $22.93 per share, for a total transaction of $596,180.00. Following the completion of the acquisition, the insider now owns 1,377,776 shares in the company, valued at $31,592,403.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel B. Poneman sold 12,000 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $44.09, for a total transaction of $529,080.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,900 shares of company stock valued at $1,252,590. 14.00% of the stock is currently owned by insiders.
Centrus Energy (NYSEAMERICAN:LEU – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.50). Centrus Energy had a net margin of 58.67% and a negative return on equity of 91.68%. On average, analysts expect that Centrus Energy Corp. will post 3.22 EPS for the current fiscal year.
LEU has been the topic of a number of recent research reports. Roth Capital lowered shares of Centrus Energy from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a report on Friday, March 11th. Zacks Investment Research upgraded shares of Centrus Energy from a “sell” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, May 12th. Finally, Lake Street Capital lowered shares of Centrus Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $90.00 to $70.00 in a report on Monday, March 14th.
About Centrus Energy (Get Rating)
Centrus Energy Corp. supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) component of LEU; SWU and natural uranium components of LEU; and natural uranium for utilities that operate nuclear power plants.
- Get a free copy of the StockNews.com research report on Centrus Energy (LEU)
- MarketBeat Podcast: Options Trading As Easy As Trading Stocks
- The TJX Companies: It’s Not All Doom And Gloom In Retail
- Simply Good Foods Stock is Simply Looking Good Down Here
- Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15%
- Dynatrace: Fundamentals are Positive While Being Punished
Receive News & Ratings for Centrus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrus Energy and related companies with MarketBeat.com's FREE daily email newsletter.