Centrus Energy (NYSE:LEU) Trading Down 4.8% – Time to Sell?

Centrus Energy Corp. (NYSE:LEU) shares were down 4.8% during mid-day trading on Monday . The company traded as low as $86.27 and last traded at $86.64. Approximately 297,657 shares changed hands during trading, a decline of 38% from the average daily volume of 480,536 shares. The stock had previously closed at $91.00.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Roth Mkm reduced their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, B. Riley upped their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Centrus Energy currently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Performance

The stock has a market cap of $1.38 billion, a P/E ratio of 17.50 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $77.41 and its two-hundred day simple moving average is $54.59.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. As a group, research analysts forecast that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Centrus Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after buying an additional 17,033 shares during the period. FMR LLC increased its position in shares of Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after purchasing an additional 188,478 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after purchasing an additional 46,254 shares in the last quarter. Sara Bay Financial lifted its position in Centrus Energy by 3.9% during the second quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after purchasing an additional 12,514 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Centrus Energy by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock valued at $17,552,000 after buying an additional 15,080 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.