Centrus Energy (NYSE:LEU) Shares Gap Up – Still a Buy?

Centrus Energy Corp. (NYSE:LEU) gapped up prior to trading on Tuesday . The stock had previously closed at $62.21, but opened at $64.66. Centrus Energy shares last traded at $61.52, with a volume of 71,301 shares traded.

Wall Street Analysts Forecast Growth

LEU has been the topic of several recent research reports. Craig Hallum began coverage on Centrus Energy in a research report on Tuesday. They set a “buy” rating and a $129.00 price target on the stock. HC Wainwright initiated coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 target price on the stock. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Monday, February 10th. Finally, Citigroup began coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.40.

Centrus Energy Stock Performance

The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.23 and a beta of 1.35. The stock has a 50 day simple moving average of $87.04 and a 200 day simple moving average of $78.16. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Insider Buying and Selling

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the transaction, the senior vice president now owns 9,402 shares in the company, valued at approximately $1,131,154.62. This represents a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in shares of Centrus Energy during the 4th quarter worth about $3,474,000. Arcadia Wealth Management Inc. bought a new stake in Centrus Energy during the fourth quarter worth approximately $433,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Centrus Energy by 16.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,301 shares of the company’s stock worth $2,485,000 after purchasing an additional 5,179 shares during the period. Voloridge Investment Management LLC boosted its stake in Centrus Energy by 1,300.5% during the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock valued at $15,664,000 after purchasing an additional 218,364 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Centrus Energy during the 4th quarter valued at $4,703,000. 49.96% of the stock is currently owned by institutional investors.

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.