Centrus Energy (NYSE:LEU) Shares Down 2.3% – Here’s Why

Centrus Energy Corp. (NYSE:LEU)’s stock price fell 2.3% during mid-day trading on Tuesday . The stock traded as low as $142.31 and last traded at $142.76. 260,380 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 781,978 shares. The stock had previously closed at $146.08.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LEU. Wall Street Zen raised shares of Centrus Energy to a “sell” rating in a report on Monday, February 10th. Craig Hallum initiated coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a “buy” rating and a $129.00 target price on the stock. Evercore ISI began coverage on Centrus Energy in a research note on Wednesday, May 14th. They set an “outperform” rating and a $145.00 price objective for the company. HC Wainwright assumed coverage on Centrus Energy in a research report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, Bank of America began coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They set a “buy” rating and a $160.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.00.

Centrus Energy Trading Down 1.9%

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 business has a 50-day simple moving average of $87.22 and a 200-day simple moving average of $83.17. The company has a market cap of $2.44 billion, a PE ratio of 32.50 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating 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%. Centrus Energy’s quarterly revenue was up 67.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) earnings per share. On average, analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Insider Activity at Centrus Energy

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

Institutional Trading of Centrus Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in LEU. Rhumbline Advisers grew its stake in shares of Centrus Energy by 2.1% in the first quarter. Rhumbline Advisers now owns 21,870 shares of the company’s stock worth $1,361,000 after purchasing an additional 441 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Centrus Energy by 45.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock worth $3,379,000 after buying an additional 17,014 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Centrus Energy by 125.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 500 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Centrus Energy in the first quarter valued at approximately $625,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Centrus Energy by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock worth $62,955,000 after purchasing an additional 32,002 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

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.