Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 704,537 shares were traded during mid-day trading, a decline of 4% from the previous session's volume of 730,168 shares.The stock last traded at $123.66 and had previously closed at $113.29.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on LEU. 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. HC Wainwright started coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective on the stock. Wall Street Zen raised Centrus Energy to a "sell" rating in a report on Monday, February 10th. Citigroup began coverage on Centrus Energy in a research report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price objective on the stock. Finally, William Blair assumed coverage on shares of Centrus Energy in a research note on Wednesday. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $143.67.
Check Out Our Latest Research Report on LEU
Centrus Energy Stock Down 3.3%
The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm has a market cap of $2.07 billion, a P/E ratio of 28.00 and a beta of 1.14. The business has a 50-day moving average price of $77.61 and a 200-day moving average price of $80.36.
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 for the quarter, topping analysts' consensus estimates 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 quarter last year, the business earned ($0.38) EPS. Centrus Energy's revenue was up 67.3% compared to the same quarter last year. On average, equities analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.
Insider Transactions at Centrus Energy
In other Centrus Energy 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 transaction of $359,428.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.
Institutional Trading of Centrus Energy
Several hedge funds have recently made changes to their positions in LEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 buying an additional 32,002 shares during the period. Vanguard Group Inc. boosted its holdings in Centrus Energy by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 967,393 shares of the company's stock valued at $64,438,000 after purchasing an additional 71,872 shares in the last quarter. Anatole Investment Management Ltd acquired a new stake in shares of Centrus Energy during the fourth quarter worth about $27,880,000. Geode Capital Management LLC lifted its stake in Centrus Energy by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 325,603 shares of the company's stock valued at $21,694,000 after buying an additional 5,668 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Centrus Energy by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 320,876 shares of the company's stock worth $21,375,000 after purchasing an additional 8,539 shares during the period. Hedge funds and other institutional investors own 49.96% of the company's stock.
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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