Insider Buying: Centrus Energy Corp. (NYSEAMERICAN:LEU) Major Shareholder Purchases 25,000 Shares of Stock

Centrus Energy Corp. (NYSEAMERICAN:LEU – Get Rating) major shareholder Morris Bawabeh purchased 25,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was purchased at an average price of $33.11 per share, for a total transaction of $827,750.00. Following the completion of the acquisition, the insider now directly owns 1,627,776 shares in the company, valued at approximately $53,895,663.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Centrus Energy Stock Performance

Shares of LEU opened at $33.06 on Friday. Centrus Energy Corp. has a 52-week low of $17.36 and a 52-week high of $55.59. The business’s fifty day simple moving average is $42.96. The firm has a market cap of $480.69 million, a PE ratio of 4.12 and a beta of 2.13.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. McIlrath & Eck LLC acquired a new position in shares of Centrus Energy during the fourth quarter worth about $32,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Centrus Energy during the second quarter worth approximately $47,000. Evermay Wealth Management LLC purchased a new stake in shares of Centrus Energy during the fourth quarter worth approximately $81,000. Edmond DE Rothschild Holding S.A. raised its stake in shares of Centrus Energy by 64.2% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,572 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Barclays PLC raised its position in Centrus Energy by 532.5% in the fourth quarter. Barclays PLC now owns 2,859 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 2,407 shares in the last quarter. Hedge funds and other institutional investors own 32.29% of the company’s stock.

Centrus Energy Company 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.