Centrus Energy (NYSE:LEU) Shares Down 6% – What’s Next?

Shares of Centrus Energy Corp. (NYSE:LEU) traded down 6% on Tuesday . The company traded as low as $74.07 and last traded at $76.67. 467,826 shares changed hands during trading, a decline of 22% from the average session volume of 598,517 shares. The stock had previously closed at $81.58.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LEU shares. Roth Mkm cut their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. B. Riley increased their price objective on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Roth Capital lowered shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Down 9.0 %

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 stock has a market cap of $1.22 billion, a P/E ratio of 15.49 and a beta of 1.17. The stock’s fifty day simple moving average is $79.17 and its 200-day simple moving average is $59.59.

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

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds have recently made changes to their positions in LEU. Bank of New York Mellon Corp increased its position in Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock valued at $9,516,000 after acquiring an additional 176,431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after buying an additional 1,754 shares during the period. Rhumbline Advisers lifted its holdings in shares of Centrus Energy by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock worth $990,000 after purchasing an additional 917 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Centrus Energy by 26.9% in the second quarter. Victory Capital Management Inc. now owns 7,557 shares of the company’s stock valued at $323,000 after buying an additional 1,600 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Centrus Energy by 33.5% in the 2nd quarter. American Century Companies Inc. now owns 8,429 shares of the company’s stock valued at $360,000 after acquiring an additional 2,116 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Company 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.