Centrus Energy Corp. (NYSEAMERICAN:LEU) Major Shareholder Acquires $596,180.00 in Stock

Centrus Energy Corp. (NYSEAMERICAN:LEUGet Rating) major shareholder Morris Bawabeh bought 26,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was purchased at an average price of $22.93 per share, for a total transaction of $596,180.00. Following the purchase, the insider now directly owns 1,377,776 shares in the company, valued at approximately $31,592,403.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Morris Bawabeh also recently made the following trade(s):

  • On Friday, May 13th, Morris Bawabeh bought 25,900 shares of Centrus Energy stock. The stock was purchased at an average price of $20.59 per share, for a total transaction of $533,281.00.

Shares of Centrus Energy stock traded down $1.13 on Wednesday, reaching $23.29. 6,764 shares of the company were exchanged, compared to its average volume of 222,041. Centrus Energy Corp. has a one year low of $17.36 and a one year high of $88.88. The stock has a market cap of $337.45 million, a P/E ratio of 2.56 and a beta of 2.43.

Centrus Energy (NYSEAMERICAN:LEUGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.50). Centrus Energy had a negative return on equity of 91.68% and a net margin of 58.67%. Analysts forecast that Centrus Energy Corp. will post 3.22 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in shares of Centrus Energy by 5.6% during the 4th quarter. Deutsche Bank AG now owns 5,891 shares of the basic materials company’s stock worth $294,000 after acquiring an additional 310 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Centrus Energy by 72.7% during the 3rd quarter. Royal Bank of Canada now owns 1,119 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 471 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Centrus Energy by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,672 shares of the basic materials company’s stock worth $899,000 after acquiring an additional 497 shares during the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Centrus Energy by 2.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 21,120 shares of the basic materials company’s stock worth $712,000 after acquiring an additional 576 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Centrus Energy by 44.5% during the 1st quarter. Victory Capital Management Inc. now owns 2,096 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 645 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on LEU. Roth Capital cut Centrus Energy from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research note on Friday, March 11th. Lake Street Capital cut Centrus Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $90.00 to $70.00 in a research note on Monday, March 14th. Finally, Zacks Investment Research upgraded Centrus Energy from a “sell” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, May 12th.

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.

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Insider Buying and Selling by Quarter for Centrus Energy (NYSEAMERICAN:LEU)

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