Advisory Research Inc. Invests $1.07 Million in Centrus Energy Corp. (NYSEAMERICAN:LEU)

Advisory Research Inc. bought a new position in Centrus Energy Corp. (NYSEAMERICAN:LEU – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,118 shares of the basic materials company’s stock, valued at approximately $1,070,000. Advisory Research Inc. owned about 0.18% of Centrus Energy as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Centrus Energy by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,672 shares of the basic materials company’s stock valued at $899,000 after acquiring an additional 497 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Centrus Energy by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 4,598 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 845 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Centrus Energy by 64.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,572 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 1,006 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Centrus Energy by 10.8% in the first quarter. Rhumbline Advisers now owns 11,938 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 1,168 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Centrus Energy by 60.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,130 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 32.29% of the company’s stock.

Centrus Energy Stock Performance

Shares of NYSEAMERICAN LEU opened at $34.56 on Wednesday. The firm has a market capitalization of $502.50 million, a PE ratio of 4.30 and a beta of 2.13. Centrus Energy Corp. has a 12-month low of $17.36 and a 12-month high of $55.59. The company has a fifty day moving average of $42.96.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 9,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $47.00, for a total value of $423,000.00. Following the sale, the senior vice president now directly owns 332 shares in the company, valued at $15,604. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital increased their price objective on Centrus Energy from $70.00 to $76.00 in a research report on Friday, December 2nd.

Centrus Energy Profile

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Centrus Energy Corp. engages in the supply of nuclear fuel and services for the nuclear power industry. It operates through the following segments: Low-enriched Uranium (LEU) and Technical Solutions. The LEU segment includes various components of nuclear fuel to utilities from its global network of suppliers.