Centrus Energy (NYSE:LEU) Shares Up 7.4% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s share price traded up 7.4% during trading on Tuesday. The stock traded as high as $152.88 and last traded at $151.8850. Approximately 196,247 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 897,180 shares. The stock had previously closed at $141.44.

Analyst Ratings Changes

Several research firms recently weighed in on LEU. Truist Financial began coverage on Centrus Energy in a research report on Monday, July 13th. They set a “buy” rating and a $215.00 price target on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Centrus Energy in a research report on Tuesday, August 4th. Jefferies Financial Group initiated coverage on Centrus Energy in a research note on Thursday, September 3rd. They set a “hold” rating and a $169.00 target price on the stock. HC Wainwright reiterated a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a report on Monday, July 27th. Finally, Stifel Nicolaus reduced their price target on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.71.

Centrus Energy Stock Performance

The firm has a 50-day simple moving average of $168.66 and a two-hundred day simple moving average of $177.45. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 71.61, a price-to-earnings-growth ratio of 11.06 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share. As a group, sell-side analysts forecast that Centrus Energy Corp. will post 4.21 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Several large investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd bought a new stake in Centrus Energy in the second quarter worth $1,356,000. Engineers Gate Manager LP raised its holdings in Centrus Energy by 261.4% during the second quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock valued at $798,000 after buying an additional 3,440 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Centrus Energy during the second quarter valued at about $348,000. NewEdge Advisors LLC lifted its position in shares of Centrus Energy by 5.0% in the second quarter. NewEdge Advisors LLC now owns 2,634 shares of the company’s stock worth $442,000 after buying an additional 125 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Centrus Energy by 172.4% during the 2nd quarter. IFP Advisors Inc now owns 237 shares of the company’s stock worth $40,000 after acquiring an additional 150 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.