Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $213.79 and last traded at $215.97, with a volume of 736995 shares trading hands. The stock had previously closed at $206.40.
Wall Street Analysts Forecast Growth
LEU has been the topic of several analyst reports. B. Riley restated a "buy" rating and set a $221.00 price target (up previously from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. William Blair reissued an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Northland Securities started coverage on Centrus Energy in a research note on Monday, July 7th. They issued an "outperform" rating and a $205.00 price target for the company. JPMorgan Chase & Co. assumed coverage on Centrus Energy in a research report on Thursday, June 26th. They set a "neutral" rating and a $148.00 price target on the stock. Finally, Bank of America initiated coverage on Centrus Energy in a report on Wednesday, June 4th. They issued a "buy" rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $175.00.
View Our Latest Stock Report on LEU
Centrus Energy Trading Up 4.8%
The business's 50-day simple moving average is $141.20 and its two-hundred day simple moving average is $100.04. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 49.04 and a beta of 1.45. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.
Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 earned ($0.38) EPS. Centrus Energy's revenue was up 67.3% compared to the same quarter last year. Equities analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.
Insider Transactions at Centrus Energy
In other news, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Centrus Energy
Several hedge funds have recently modified their holdings of LEU. Wellington Management Group LLP purchased a new position in shares of Centrus Energy during the 4th quarter worth approximately $3,474,000. GAMMA Investing LLC boosted its position in shares of Centrus Energy by 8,075.0% during the 1st quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock worth $793,000 after purchasing an additional 12,597 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Centrus Energy by 380.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock valued at $401,000 after purchasing an additional 5,108 shares during the period. KBC Group NV purchased a new stake in Centrus Energy during the first quarter worth about $53,000. Finally, Teacher Retirement System of Texas purchased a new stake in Centrus Energy during the fourth quarter worth about $765,000. 49.96% of the stock is owned by institutional investors and hedge funds.
About Centrus Energy
(
Get Free Report)
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.
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