Centrus Energy (NYSE:LEU) Sees Large Volume Increase - Still a Buy?

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,057,358 shares changed hands during trading, an increase of 19% from the previous session's volume of 888,862 shares.The stock last traded at $207.85 and had previously closed at $180.96.

Analyst Ratings Changes

LEU has been the topic of a number of recent research reports. Evercore ISI reiterated an "outperform" rating and issued a $205.00 target price (up from $145.00) on shares of Centrus Energy in a report on Wednesday. Citigroup assumed coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective for the company. HC Wainwright started coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 target price on the stock. Bank of America started coverage on Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 price target for the company. Finally, William Blair assumed coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Centrus Energy Trading Up 9.8%

The stock's fifty day moving average price is $104.40 and its 200 day moving average price is $87.72. The stock has a market cap of $3.38 billion, a P/E ratio of 45.03 and a beta of 1.37. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business posted ($0.38) EPS. The firm's revenue was up 67.3% on a year-over-year basis. Equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors have recently made changes to their positions in LEU. Wellington Management Group LLP purchased a new position in Centrus Energy in the 4th quarter worth about $3,474,000. GAMMA Investing LLC increased its position in shares of Centrus Energy by 8,075.0% during the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock worth $793,000 after acquiring an additional 12,597 shares during the period. Vontobel Holding Ltd. increased its position in shares of Centrus Energy by 79.7% during the fourth quarter. Vontobel Holding Ltd. now owns 9,922 shares of the company's stock worth $658,000 after acquiring an additional 4,402 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Centrus Energy during the fourth quarter valued at approximately $765,000. Finally, American Century Companies Inc. boosted its holdings in shares of Centrus Energy by 72.8% in the fourth quarter. American Century Companies Inc. now owns 23,768 shares of the company's stock valued at $1,583,000 after purchasing an additional 10,011 shares during the period. Institutional investors own 49.96% of the company's stock.

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.

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