Bank of New York Mellon Corp Sells 100,051 Shares of Centrus Energy Corp. (NYSE:LEU)

Bank of New York Mellon Corp lessened its holdings in shares of Centrus Energy Corp. (NYSE:LEU) by 23.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,253 shares of the company’s stock after selling 100,051 shares during the period. Bank of New York Mellon Corp owned approximately 1.98% of Centrus Energy worth $20,669,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Centrus Energy by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,392 shares of the company’s stock worth $8,086,000 after purchasing an additional 6,709 shares during the period. Raymond James Financial Inc. acquired a new stake in Centrus Energy during the fourth quarter worth approximately $370,000. PNC Financial Services Group Inc. boosted its holdings in Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Centrus Energy by 33,333.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Centrus Energy by 2.6% during the fourth quarter. Swiss National Bank now owns 27,600 shares of the company’s stock valued at $1,838,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Analyst Ratings Changes

LEU has been the topic of several research reports. Stifel Nicolaus assumed coverage on Centrus Energy in a research note on Friday, July 11th. They issued a “buy” rating and a $220.00 target price on the stock. Northland Securities began coverage on Centrus Energy in a report on Monday, July 7th. They issued an “outperform” rating and a $205.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. B. Riley reaffirmed a “buy” rating and set a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. Finally, Evercore ISI set a $205.00 target price on Centrus Energy and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.00.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Centrus Energy Stock Performance

NYSE LEU opened at $233.89 on Friday. Centrus Energy Corp. has a 1 year low of $33.51 and a 1 year high of $235.82. The company has a market capitalization of $3.98 billion, a PE ratio of 53.04 and a beta of 1.45. The company has a fifty day moving average of $150.00 and a two-hundred day moving average of $102.90. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy (NYSE:LEU) last released its earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. Centrus Energy’s quarterly revenue was up 67.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.38) earnings per share. As a group, analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

About Centrus Energy

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.