Centrus Energy (NYSE:LEU) Sets New 52-Week High - Here's What Happened

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $152.72 and last traded at $146.08, with a volume of 1261410 shares traded. The stock had previously closed at $143.11.

Analyst Ratings Changes

Several research firms recently issued reports on LEU. HC Wainwright assumed coverage on Centrus Energy in a report on Tuesday, February 25th. They set a "buy" rating and a $300.00 target price on the stock. Wall Street Zen raised shares of Centrus Energy to a "sell" rating in a report on Monday, February 10th. Evercore ISI assumed coverage on shares of Centrus Energy in a research note on Wednesday, May 14th. They set an "outperform" rating and a $145.00 price objective on the stock. William Blair assumed coverage on Centrus Energy in a research report on Wednesday, May 28th. They set an "outperform" rating for the company. Finally, Craig Hallum assumed coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Centrus Energy has an average rating of "Moderate Buy" and a consensus target price of $146.00.

Centrus Energy Stock Performance

The company's 50-day moving average price is $87.22 and its two-hundred day moving average price is $83.17. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 33.09 and a beta of 1.37. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy (NYSE:LEU - Get Free Report) last posted 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 return on equity of 84.09% and a net margin of 16.56%. During the same period last year, the firm posted ($0.38) earnings per share. The business's quarterly revenue was up 67.3% on a year-over-year basis. On average, equities research analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction on Friday, May 30th. The stock was 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. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in Centrus Energy during the 4th quarter worth approximately $3,474,000. Barclays PLC grew its position in shares of Centrus Energy by 103.8% in the third quarter. Barclays PLC now owns 37,588 shares of the company's stock valued at $2,061,000 after purchasing an additional 19,140 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Centrus Energy by 79.7% during the fourth quarter. Vontobel Holding Ltd. now owns 9,922 shares of the company's stock valued at $658,000 after acquiring an additional 4,402 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Centrus Energy during the 4th quarter valued at $765,000. Finally, American Century Companies Inc. raised its holdings in shares of Centrus Energy by 72.8% in the 4th quarter. American Century Companies Inc. now owns 23,768 shares of the company's stock valued at $1,583,000 after acquiring an additional 10,011 shares in the last quarter. 49.96% of the stock is 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.