Kennondale Capital Management LLC Invests $301,000 in Centrus Energy Corp. (NYSE:LEU)

Kennondale Capital Management LLC bought a new position in shares of Centrus Energy Corp. (NYSE:LEU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,514 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LEU. Cape Investment Advisory Inc. purchased a new stake in shares of Centrus Energy during the fourth quarter worth about $27,000. PNC Financial Services Group Inc. increased its position in shares of Centrus Energy by 77.4% during 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 during the last quarter. Farther Finance Advisors LLC increased its position in shares of Centrus Energy by 33,333.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $67,000 after acquiring an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Centrus Energy during the fourth quarter worth about $113,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Centrus Energy during the fourth quarter worth about $161,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Stock Performance

Shares of LEU stock opened at $76.05 on Tuesday. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The business has a 50 day moving average of $87.38 and a two-hundred day moving average of $75.77. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95. The company has a market cap of $1.27 billion, a P/E ratio of 17.24 and a beta of 1.35.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the transaction, the senior vice president now directly owns 9,402 shares in the company, valued at $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 SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LEU shares. HC Wainwright started coverage on Centrus Energy in a report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price objective for the company. StockNews.com raised Centrus Energy to a “sell” rating in a report on Monday, February 10th. Finally, Citigroup started coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $147.00.

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.