Centrus Energy (NYSE:LEU) Trading Up 3.3% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s stock price traded up 3.3% during mid-day trading on Friday . The company traded as high as $142.48 and last traded at $140.82. 331,652 shares traded hands during trading, a decline of 57% from the average session volume of 775,401 shares. The stock had previously closed at $136.34.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. William Blair initiated coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an “outperform” rating on the stock. Craig Hallum began coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price objective on the stock. Evercore ISI started coverage on shares of Centrus Energy in a research report on Wednesday, May 14th. They issued an “outperform” rating and a $145.00 target price for the company. Wall Street Zen upgraded shares of Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Finally, Bank of America initiated coverage on shares of Centrus Energy in a research report on Wednesday. They set a “buy” rating and a $160.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $146.00.

Centrus Energy Stock Performance

The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The stock’s fifty day moving average is $85.56 and its two-hundred day moving average is $82.68. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 32.45 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same quarter last year, the firm posted ($0.38) EPS. The firm’s revenue for the quarter was up 67.3% compared to the same quarter last year. On average, analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Centrus Energy

In related news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John M. A. Donelson sold 3,732 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently bought and sold shares of the stock. Cape Investment Advisory Inc. bought a new position in shares of Centrus Energy during the fourth quarter worth approximately $27,000. Stone House Investment Management LLC bought a new position in Centrus Energy during the 1st quarter worth $28,000. PNC Financial Services Group Inc. increased its position in Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after buying an additional 192 shares during the period. State of Wyoming acquired a new stake in shares of Centrus Energy during the fourth quarter worth $33,000. Finally, Comerica Bank boosted its position in shares of Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after acquiring an additional 560 shares during the period. 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.