Centrus Energy (NYSE:LEU) Shares Gap Up – Here’s Why

Centrus Energy Corp. (NYSE:LEU) shares gapped up prior to trading on Tuesday . The stock had previously closed at $77.83, but opened at $81.63. Centrus Energy shares last traded at $80.55, with a volume of 232,588 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LEU shares. Roth Mkm lowered their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, B. Riley upped their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Centrus Energy has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The business has a 50 day moving average price of $75.16 and a two-hundred day moving average price of $62.05. The stock has a market cap of $1.49 billion, a P/E ratio of 18.48 and a beta of 1.17.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). The business 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%. On average, sell-side analysts forecast that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of LEU. American Century Companies Inc. increased its stake in Centrus Energy by 33.5% in the 2nd quarter. American Century Companies Inc. now owns 8,429 shares of the company’s stock worth $360,000 after acquiring an additional 2,116 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Centrus Energy by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after purchasing an additional 8,678 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Centrus Energy during the second quarter valued at $42,000. AQR Capital Management LLC bought a new position in Centrus Energy during the second quarter valued at $275,000. Finally, Decade Renewable Partners LP purchased a new position in shares of Centrus Energy in the 2nd quarter worth $1,479,000. 49.96% of the stock is currently owned by institutional investors.

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.