Centrus Energy (NYSE:LEU) Downgraded to Neutral at Roth Mkm

Roth Mkm cut shares of Centrus Energy (NYSE:LEU) from a buy rating to a neutral rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. Roth Mkm currently has $62.00 price target on the stock, up from their prior price target of $55.00.

Separately, StockNews.com raised Centrus Energy to a sell rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Centrus Energy presently has an average rating of Hold and a consensus target price of $67.00.

Centrus Energy Price Performance

NYSE:LEU traded up $1.95 during mid-day trading on Thursday, reaching $57.75. 147,857 shares of the company were exchanged, compared to its average volume of 255,139. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47. The stock has a market cap of $905.29 million, a PE ratio of 12.34 and a beta of 1.32. Centrus Energy has a 12 month low of $33.51 and a 12 month high of $69.50. The company has a fifty day moving average of $44.47 and a 200 day moving average of $44.05.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $0.77 by $1.12. The firm had revenue of $189.00 million during the quarter, compared to analysts’ expectations of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. On average, research analysts anticipate that Centrus Energy will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

A number of large investors have recently bought and sold shares of LEU. Old West Investment Management LLC boosted its holdings in Centrus Energy by 3.3% during the second quarter. Old West Investment Management LLC now owns 9,889 shares of the company’s stock worth $423,000 after purchasing an additional 316 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Centrus Energy by 10.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company’s stock worth $244,000 after buying an additional 525 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Centrus Energy by 2.8% in the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock valued at $1,185,000 after acquiring an additional 766 shares in the last quarter. nVerses Capital LLC increased its position in shares of Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after acquiring an additional 800 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Centrus Energy by 4.1% during the second quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock worth $990,000 after acquiring an additional 917 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.