Financial Advocates Investment Management Makes New $216,000 Investment in Centrus Energy Corp. (NYSE:LEU)

Financial Advocates Investment Management purchased a new position in shares of Centrus Energy Corp. (NYSE:LEU) in the 4th quarter, HoldingsChannel reports. The firm purchased 3,250 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC raised its holdings in Centrus Energy by 3.5% during the 3rd quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock worth $284,000 after purchasing an additional 175 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Centrus Energy by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company’s stock worth $345,000 after buying an additional 186 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Centrus Energy by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,099 shares of the company’s stock worth $673,000 after buying an additional 562 shares during the period. Vontobel Holding Ltd. grew its position in shares of Centrus Energy by 17.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock worth $303,000 after buying an additional 815 shares during the period. Finally, Portland Investment Counsel Inc. grew its position in shares of Centrus Energy by 23.1% during the 3rd quarter. Portland Investment Counsel Inc. now owns 8,000 shares of the company’s stock worth $439,000 after buying an additional 1,500 shares during the period. Institutional investors own 49.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Roth Mkm reduced their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Monday. Finally, B. Riley raised their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $114.39 on Tuesday. Centrus Energy Corp. has a fifty-two week low of $33.51 and a fifty-two week high of $119.42. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 25.94 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The firm’s 50-day simple moving average is $76.81 and its 200 day simple moving average is $65.89.

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.